The project involves electrification of approximately 3,378 route kilometers (km) of existing railway tracks spread across 13 states in India. ADB will provide a project finance loan up to $750 million in Indian rupee equivalent to the Indian Railway Finance Corporation for the project. The 20-year tenor comprises of a 4-year availability period and a 16-year repayment period.
The report and recommendation of the President to the Board of Directors (RRP) document describes the terms and conditions of a project for consideration and approval by ADB's Board of Directors.
This document dated June 2018 is provided for the ADB project 51228-001 in India.