Govt wont 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.