Govt won't seek WB aid for next railway lines under MUTP II
Govt won't seek WB aid for next railway lines under MUTP II
Stung by strict conditions laid down by bank on rehabilitating project-affected people, govt decides to opt for loan from Indian Railway Finance Corp In a move that it says has been prompted by the strict conditionalities laid down by the World Bank (WB) on rehabilitation issues, the state government and Railways may not seek a loan from the bank for the component of the proposed Mumbai Urban Transport Project (MUTP) II that seeks to lay additional railway lines and involves rehabilitation of project-affected people.