Hobbled by time & cost overruns, IRFC stops funding railway projects

Comments 0
SummaryIndian Railway Finance Corporation, the market-borrowing arm of the railways, which last year raised around Rs 2,000 crore to perform its newly assigned role of project financing, is pulling back.

to acquire rolling stock for the railways and another Rs 140 crore for Rail Vikas Nigam (RVNL), which invests in various bankable rail-link projects with private partnership and the rest for project financing.

In the current fiscal, IRFC is to raise Rs 15,000 crore, out of which Rs 14,896 crore will go for investment in rolling stock and another Rs 104 crore for RVNL. To raise the money, IRFC would come up with a tax-free bond issue of Rs 10,000 crore by January end.

Single Page Format
Ads by Google
Reader´s Comments
| Post a Comment
Please Wait while comments are loading...