The investment program is targeting busy freight and passenger routes in the states of Chhattisgarh, Odisha, Maharashtra, Karnataka and Andhra Pradesh, including the “Golden Quadrilateral” corridor that connects Chennai, Kolkata, Mumbai and New Delh. The doubling of rail sections is being implemented along Daund-Titlagarh section, the Sambalpur-Titlagarh section, the Raipur-Titlagarh Section and the Hospet-Tinaighat section while electrification is being undertaken along the 641-kilometer Pune-Wadi Guntakal section.
ADB loan has a 20-year term, including a grace period of 5 years, an annual interest rate determined in accordance with ADB’s London interbank offered rate (LIBOR)-based lending facility, and a commitment charge of 0.15% per year.
