Asian Surveying & Mapping
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Isro’s PSLV-C53 places three satellites in orbit
The four-stage, 44.4m tall PSLV-C53 rocket that blasted off...
Chinese probe successfully maps entire Mars, sends stunning pictures
China's Tianwen-1 orbiter has mapped the entire of Mars,...
Israel Aerospace Industries Successfully Doubles Venµs Satellite’s Expected Service Life
Venµs changed altitude in space and will carry out...
South Korea launches KASS satellite to augment GPS
South Korea has successfully launched a precision aviation satellite...
China launches new batch of remote sensing satellites
XICHANG, June 23 (Xinhua) -- China successfully launched three...
Kenya launches nationwide airborne geophysical survey
Kenyan President Uhuru Kenyatta Tuesday launched the final report...
South Korea successfully launches home-grown Nuri space rocket
South Korea’s domestically built Nuri rocket successfully placed a...
Isro PSLV-C53 launch announced for June 30
The mission faced multiple initial delays, but was eventually...
Strong progress being made on the UK’s Geospatial Strategy
Annual plan published shows the Geospatial Commission’s progress on...
Israel Deploys Medicine Data-Map Skills to Avert Food Crisis
Even before the first wave of Covid-19 swept through...

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