Earlier, the Railways had borrowed $463 million from the International Bank for Reconstruction and Development and taken a credit of SDR 62.5 million from International Development Association for the Mumbai Development Project.
The IBRD loan and IDA credit earmarked for the rail component are $305 million and about $60 million respectively, it said.
In addition, a loan of nearly 95 million Euros has been taken from Kreditanstait Fur Wiederafnau, Germany, for partly funding modernisation of signals between Ghaziabad and Kanpur.