The finance arm of the Indian Railways, Indian Railway Finance Corporation (IRFC) is in talks with the National High Speed Rail Corporation Ltd (NHSRCL) to finance the extended portion of the Ahmedabad-Mumbai High Speed Rail Project.
“The NHSRCL has already approached IRFC for further financing of the project or some financing for future projects. We are open to finance them for the extended projects. They are already in talks with IRFC for financing because of least cost funding,” Amitabh Banerjee, Chairman and Managing Director, IRFC, informed during an interaction on the sidelines of the listing ceremony of the company’s $750 million bonds on IndiaINX at GIFT IFSC recently.
Funding private sector
In order to further expand its funding purview, IRFC will now look to finance private players having operational linkage with Indian Railways. “As such, our memorandum of articles permit us to finance to any sector which has forward or backward linkage with Indian Railways…