(a) whether efforts are being made by the railways to mobilize funds from multilateral institutions for new railway projects alongwith a National Highway;
(b) if so, the details thereof; and
(c) the purpose for which the huge amount of loan sought by the Railways?
MINISTER OF STATE IN THE MINISTRY OF PARLIAMENTARY AFFAIRS AND MINISTER OF STATE IN THE MINISTRY OF RAILWAYS ( SHRI O. RAJAGOPAL )
(a) to (c) : In order to expedite works on High Density
Routes, a proposal for strengthening the Golden Quadrilateral
and the Diagonals connecting the metropolitan cities of Delhi,
Kolkata, Mumbai and Chennai is being developed by the Railways
for multilateral funding. This proposal is yet to be sent to
Ministry of Finance by the Railways. Some of the funding
agencies have expressed interest in rendering assistance in
executing the projects. Work is already in progress in some of
the sanctioned projects on the Golden Quadrilateral with the
resources provided in the Railways’ Annual Plan.