Asian Surveying & Mapping
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Intermap Announces $1 Million Program in Malaysia and Business Updates
DENVER – Intermap Technologies (TSX: IMP; OTCQB: ITMSF) (“Intermap” or...
From Kuala Lumpur To Singapore: Malaysia’s High-Speed Rail Resurgence Sparks China’s Pan-Asia Vision
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Japan’s Synspective successfully launches fourth SAR satellite
Synspective, the Japanese provider of Satellite/Synthetic Aperture Radar (SAR)...
South Korea’s Joowon Industrial Selects Aeva 4D LiDAR for Automated Power Line Inspection Program
MOUNTAIN VIEW, Calif. & SEONGNAM CITY, South Korea- Aeva®...
Synspective’s SAR Satellite, StriX-3, Successfully Reaches Its Target Orbit and Spreads Its Wings
TOKYO, 2024, March 13 – Synspective Inc., a SAR...
Indian Prime Minister Narendra Modi Commissions Genesys Digital Twin Map Stack in His Parliamentary Constituency
Mumbai: The Prime Minister of India, Mr. Narendra Modi, recently...
Geo Connect Asia 2024 to unveil geospatial’s transformative power
Geo Connect Asia (GCA) is set to return to...
Iran launches ‘domestically developed’ imaging satellite from Russia
The launch of Pars 1 is fourth this year,...
Astranis relocating hobbled debut satellite from Alaska to Asia
TAMPA, Fla. — Astranis is moving its debut satellite...
Asia space race heats up as China, Japan and India reach for the stars
After another year of US aeronautics company SpaceX dominating...

September 5th, 2011
ADB $500 Million Loan to Boost Indian Railways

The Asian Development Bank (ADB) is extending loans of up to $500 million to help India improve rail services along some of its busiest freight and passenger transport routes. The ADB Board of Directors has approved a multitranche financing facility for the Railway Sector Investment Program. It will finance additional lines and the electrification of hundreds of kilometers of existing track, along with installing new signaling. ADB will also support accounting reforms to improve operational efficiency at Indian Railways. “This program will help deliver more energy efficient, safe, reliable, and environmentally friendly rail services along key high density routes,” said Hiroaki Yamaguchi, ADB Principal Transport Specialist. “This in turn will result in direct and indirect economic opportunities for about 21 million people in program areas who will benefit from faster travel times, lower costs and improved links to markets, production centers and social service facilities.” Read More