Question : RAIL PROJECTS WITH ADB LOAN



(a) whether the Asian Development Bank has agreed to fund some railway projects;

(b) if so, the details of those projects alongwith the target for completion thereof;

(c) the quantum of the assistance being extended by ADB; and

(d) the list of the externally aided projects and details of the loans taken from various agencies other than ADB?

Answer given by the minister

MINISTER OF STATE IN THE MINISTRY OF RAILWAYS(SHRI BASANAGOUDA R. PATIL )

(a) to (d): A Statement is attached.

STATEMENT REFERRED TO IN REPLY TO PARTS (a) TO (d) OF UNSTARRED QUESTION NO. 405 BY SHRI GUNIPATI RAMAIAH AND SHRI B. VENKATESHWARLU TO BE ANSWERED IN LOK SABHA ON 04.12.2003 REGARDING RAIL PROJECTS WITH ADB LOAN

(a): Yes, Sir. Asian Development Bank (ADB) has approved a loan of US$ 313.6 million to finance the Rail Sector Improvement Project.

(b): The following four sub-projects have so far been appraised by ADB for financing out of this loan.

Name of Project Amount
allocated

(in million US $)
Gooty-Pullampet Doubling 66.6 Keonjhar-Tomka of Daitari Banspani New Rail Link 37.7 Mahanadi second bridge. 18.0 Bhatapara-Urkura of Bilaspur-Urkura Third Line 30.9


(c): The loan amount as approved is US$ 313.6 million.

(d): External assistance is currently being utilized for the following railway projects:

(i) World Bank (WB) is funding Mumbai Urban Transport Project (MUTP), which has both rail and road components, through a loan from the International Bank for Reconstruction and Development (IBRD) of US$ 463.0 million (including US$ 305 million for rail component) and a credit from International Development Association (IDA) of US$ 79 million (including US$ 60 million for rail component). The estimated cost of rail component of this project is Rs. 3125 crores. The loan has become effective on 6th November, 2002.


(ii) Kreditanstalt for Wiederafbau (KfW), Germany has extended a loan of DM 185 million to finance the project of Modernisation of Signalling between Ghaziabad and Kanpur. The estimated cost of this project is Rs. 425 crores. The loan is valid up to 31.12.2006.