https://www.taxtmi.com/news?id=12472 A tranche of a multi phase Railway Sector Investment Program was financed to construct 840 kilometers of additional track on existing lines, implemented by the Ministry of Railways to improve efficiency, safety, reliability and environmental performance on high density freight and passenger corridors. The loan features long term concessional terms including a multi year tenor with a defined grace period, commitment charges on undrawn balances, a maturity premium by straight line method, and an interest rate linked to the lender's LIBOR based facility; the borrower provides counterpart finance for remaining costs. en-us Tue, 18 Feb 2014 15:20:21 +0530 Tue, 18 Feb 2014 15:20:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=12472 A tranche of a multi phase Railway Sector Investment Program was financed to construct 840 kilometers of additional track on existing lines, implemented by the Ministry of Railways to improve efficiency, safety, reliability and environmental performance on high density freight and passenger corridors. The loan features long term concessional terms including a multi year tenor with a defined grace period, commitment charges on undrawn balances, a maturity premium by straight line method, and an interest rate linked to the lender's LIBOR based facility; the borrower provides counterpart finance for remaining costs. News - Tue, 18 Feb 2014 15:20:21 +0530 https://www.taxtmi.com/news?id=12472