The loan amounts to $160 million which will see Sri Lanka Railways strengthen capacity and resilience ensuring the future of the railway.
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The Asian Development Bank (ADB)
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The Asian Bank of Development (ABD) has signed the first loan for the Malolos–Clark Railway Project, which will amount to $2.75 billion in total.
An improved railway network will enhance access to regional and international markets and help increase economic growth and social welfare.
A significant loan is going to be used to electrify some of the railway tracks along high density corridors in India whilst other sections will be double-tracked…