IRFC Supports Development of India's First Multi-Modal Transport Hub at Surat with X199.70 Crore Loan

Indian Railway Finance Corporation (IRFC) has sanctioned and executed agreements for a fresh term loan facility of X199.70 crore with Surat Integrated Transportation Development Corporation Limited (SITCO) to support the development of the Surat Multi-Modal Transport Hub (MMTH). The loan document was signed today at SITCO’s New Delhi office. IRFC, established in 1986, has played a pivotal role in strengthening India’s rail infrastructure and is expanding its role as a diversified infrastructure financier. SITCO, a joint venture of the Ministry of Railways and Government of Gujarat, is developing India’s first international-standard Multi-Modal Transport Hub (MMTH) at Surat. The funding will accelerate the timely execution of the project while contributing to regional economic growth and enhancing India’s transport infrastructure capacity.