AFD a French development agency to finance upto 7,00,000 EURO to IRSDC

Indian Railway Station Development Corporation (IRSDC) entered a Tripartite Agreement with French Railways (SNCF) & AFD, a French Agency which will finance up to 7,00,000 EURO, through French National Railways (SNCF)-Hubs and Connexions as a Technical Partner to IRSDC to support the Railway Station Development Program in India, so there will be no financial liability on IRSDC or Indian Railways.

Source: Press Information Bureau

Static/Current Takeaways Important For LIC AAO Mains 2019:

  • Railway Minister: Piyush Goyal
  • President of France: Emmanuel Macron, Capital: Paris, Currency: Euro, CFP Franc

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