(a) whether the Indian Railways Finance Corporation proposes to raise funds from overseas market for its mandated borrowings;
(b) if so, the details thereof; and
(c) the present national and overseas outstanding borrowing of IRFC ?
(a) whether the Indian Railways Finance Corporation proposes to raise funds from overseas market for its mandated borrowings;
(b) if so, the details thereof; and
(c) the present national and overseas outstanding borrowing of IRFC ?
MINISTER OF RAILWAYS (SHRI NITISH KUMAR)
(a) to (c) :A Statement is laid on the Table of the Sabha.
STATEMENT REFERRED TO IN REPLY TO PARTS (a) TO (c) OF
LOK SABHA STARRED QUESTION NO. 178 FOR 02.08.2001 BY
SHRI ANNASAHEB M.K. PATIL REGARDING RAISING OF FUNDS BY
IRFC.
(a)&(b): Yes, Sir. The Indian Railway Finance
Corporation Ltd. (IRFC) has availed an export credit of
US Dollars 20.4 Million (about Rs. 96 crore) in
May,2001 from Export Development Corporation (EDC),
Canada to finance the import by Ministry of Railways,
of 10 numbers 4000 Horse Power Diesel Electric
Passenger Locomotives manufactured by General Motors
Corporation, USA. There is no other proposal to raise
funds from overseas market at present.
(c) The outstanding borrowings of IRFC as on 31.03.2001 are as under:-
Domestic borrowings - Rs. 12,730.36 crore External borrowings - US Dollar 317.30 Million Japanese Yen 8.85 Billion Euro 19.53 Million