The Asian Development Bank (ADB) has offered $150 million loan for the expansion of railway tracks and improving overall service in the country.
The programme will help India improve rail services along some of its busiest freight and passenger transport routes, providing double-track for about 840 kilometres of rail routes and electrifying about 640 kilometres, according to a statement released by the Ministry of Finance.
New signalling will also be installed. The ADB will also support accounting reforms to improve operational and financial efficiency at Indian Railways, it said.
