Thursday, January 21, 2016

main investor in Rail Development Fund

World Bank would be the anchor investor in the new Railway Development Fund, which would be used to fund modernisation of Indian railways,Union Minister Suresh Prabhu.The World Bank would be the anchor investor in the new Railway Development Fund, which would be used to fund the modernisation of Indian Railways. The World Bank (WB) and the Indian Railways would work together to create a Railway Development Fund that will partly finance the $142-billion investment plans for the core infrastructure sector that the Narendra Modi government has announced.

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