The Indian Railways will seek a loan from the World Bank for undertaking redevelopment of some major stations as part of its ambitious station development plan.
A proposal for seeking a loan of USD 500 million from the World Bank with a moratorium of 7 years for undertaking redevelopment of some key stations is under process, according to a senior Railway Ministry official.
Altogether 403 stations have been identified for redevelopment with improved passenger amenities including shopping malls, multiplexes, office space and larger parking lots.
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