The overall objective of the project was to improve the performance of the railway sector by supporting the implementation of a program and policy reforms, to improve the commercial operations of Indian Railways (IR).
The project funded by Asian Development Bank was intended to contribute to organizational efficiency by promoting outsourcing, award of concessions, and use of consolidated contracts for execution of railway investment projects. The other objective was to support wide-ranging improvements in the overall governance of IR by strengthening accountability, transparency, and management.
Assisting the Ministry of Railways (MOR)/Rail Vikas Nigam Limited (RVNL) to ensure that the additional investment sub-projects prepared by MOR/RVNL comply with the selection criteria and approval procedures and procurement documentation requirements and procedures under the loan agreement, and to thereby facilitate timely preparation and approval of sub-projects.
Comprehensive monitoring of project preparation and implementation activities to ensure complete compliance with ADB policy and procedure.
Comprehensive reporting of compliance/non-compliance of all the activities of various agencies implementing the sub-projects.
Preparation of proposals to take timely action to remove deficiencies and effect improvements in project implementation as per schedule and ADB guidelines.