Prime Minister Narendra Modi, Ahmedabad-Mumbai Bullet train, Mumbai, Chief Minister Uddhav Thackeray, Railway Minister Ashwini Vainshnaw, Thane, Diva, Independent India, Kisan Rails, Indian Railways
IRFC open to fund extended network of ‘bullet train’
February 16, 2021
Pvt players approach IRFC to raise finance to run private high speed trains
The finance arm of the Indian Railways, Indian Railway Finance Corporation (IRFC) is in talks with the National High Speed Rail Corporation Ltd (NHSRCL) to finance the extended portion of the Ahmedabad-Mumbai High Speed Rail Project.
“The NHSRCL has already approached IRFC for further financing of the project or some financing for future projects. We are open to finance them for the extended projects. They are already in talks with IRFC for financing because of least cost funding,” Amitabh Banerjee, Chairman and Managing Director, IRFC, informed during an interaction on the sidelines of the listing ceremony of the company’s $750 million bonds on IndiaINX at GIFT IFSC recently.