https://www.taxtmi.com/news?id=3518 ADB provided a US$150 million first tranche loan as part of a multi tranche US$500 million contribution to a US$1,144.6 million Railway Sector Investment Program, with the Government of India funding the balance; the Ministry of Railways is the Executing Agency and Rail Vikas Nigam Limited the Implementing Agency. The program finances double tracking, electrification, signaling upgrades and accounting reforms to improve operational and financial efficiency, increase capacity and safety, reduce fuel use and pollution, and pursue carbon credits under UNFCCC, with ADB providing program linked technical assistance to monitor emission reductions. en-us Tue, 10 Jul 2012 16:11:49 +0530 Tue, 10 Jul 2012 16:11:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3518 ADB provided a US$150 million first tranche loan as part of a multi tranche US$500 million contribution to a US$1,144.6 million Railway Sector Investment Program, with the Government of India funding the balance; the Ministry of Railways is the Executing Agency and Rail Vikas Nigam Limited the Implementing Agency. The program finances double tracking, electrification, signaling upgrades and accounting reforms to improve operational and financial efficiency, increase capacity and safety, reduce fuel use and pollution, and pursue carbon credits under UNFCCC, with ADB providing program linked technical assistance to monitor emission reductions. News - Tue, 10 Jul 2012 16:11:49 +0530 https://www.taxtmi.com/news?id=3518