Question : Mumbai Rail Vikas Corporation

(a) whether Mumbai Railway Vikas Corporation (MRVC) has sought a loan of Rs.2800 crore for railway works under the Mumbai Urban Transport Project (MUTP) and if so, the details thereof;

(b) whether the railway works under the MUTP-III are in progress and if so, the details thereof and their present status;

(c) whether the Railways has identified the work to be undertaken through the proposed loan and if so, the details thereof;

(d) whether the Government is likely to approach the Asian Development Bank, established by the BRICS countries for the above loan and if so, the details thereof; and

(e) whether Railway Finance Corporation has a better ranking in the loan market and if so, the reasons for taking loan from foreign institutions?

Answer given by the minister

MINISTER OF STATE IN THE MINISTRY OF RAILWAYS

(SHRI RAJEN GOHAIN)


(a) to (e): A Statement is laid on the Table of the House.
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