NDB will provide funds to IRFC for purchase of electric locomotives and passenger coaches to operate on Indian Railway's network. NDB's financing, together with other sources of funding available to the Ministry of Railways, will enable Indian Railways to incrementally operate around 900 electric locomotives and 4,000 passenger coaches each year, over the program period (FY 2022-2024).
Indian Railways has initiated coordinated steps to contribute towards India's GHG emission reduction commitment under the country's Nationally Determined Contributions. Some of these initiatives are: (a) to increase the modal share of railway transportation and reduce dependence on less efficient diesel operated road traffic, (b) reduce railway sector's carbon footprint through electrification of traction and acquiring assets to operate on the electrified network (i.e., electric locomotives and passenger coaches), and (c) to enhance the share of renewable energy in its energy mix. This Program supports Indian Railways through accelerated addition of passenger and freight transportation capacity that can operate on electrified route
Implementing Agency: Ministry of Railways, Government of India
ACCESS TO INFORMATION
You can submit an information request for project information through a form at the bottom of the following webpage https://www.ndb.int/about-us/contact-us Alternatively, you can send an e-mail to email@example.com
ACCOUNTABILITY MECHANISM OF NEW DEVELOPMENT BANK
The New Development Bank (NDB) does not currently have an independent accountability mechanism to accept complaints related to NDB-financed projects. The Bank does have a whistleblower mechanism that receives complaints about misconduct related to corruption, fraudulent practices and instances of money laundering in projects financed by the NDB and/or against the NDB staff members. To learn more about the whistleblower mechanism and how to file a complaint, access this webpage at: https://www.ndb.int/about-us/whistleblowing