Indian Railways Set to Raise $5 billion Railway Development Fund

Indian Railways Set to Raise $5 billion Railway Development Fund

The Indian Railways has decided to set up a $5 billion Railways of India Development Fund (RIDF) so as to support commercially viable projects in railway sector in India. The World Bank would fund 80% RIDF while 20% fund would be raised by the Indian railways itself and managed independently by a

non-government entity.  Projects which can give early returns such as freight lines and electrification projects would be funded by the RIDF.

iv. The national transporter hopes to set up this fund by the end of the first quarter of the 2018.