Archive · 20 Aug 2025
IRFC Funds Surat's First Multi-Modal Transport Hub
Imagine a big place in Surat where all the different ways to travel come together.
Indian Railway Finance Corporation (IRFC), a company that helps fund railway projects, is giving money to build this place, called the Multi-Modal Transport Hub.
This hub will link trains, buses, and other transport so it's easier to get around.
This project will make it easier for people to get around.
It is expected to help the city grow economically, which helps India's economy grow too.
This project will help people move around more easily and hopefully boost the economy.
IRFC sanctioned a ₹199.70 crore loan for Surat's Multi-Modal Transport Hub.
The loan agreement was signed on August 19 in New Delhi.
The project aims to integrate various transport modes, enhancing connectivity.
IRFC's funding supports the timely execution of the transport hub.
The project is a joint venture between the Ministry of Railways and the Government of Gujarat.
- Who
- IRFC provided funding to Surat Integrated Transportation Development Corporation Limited (SITCO).
- What
- IRFC provided a loan for Surat's Multi-Modal Transport Hub.
- When
- The loan agreement was signed on August 19.
- Where
- The project is in Surat, India; the agreement was signed in New Delhi.
- Why
- To support the development of a multi-modal transport hub and improve connectivity.
- Loan Amount
- ₹199.70 crore
- Lender
- Indian Railway Finance Corporation Ltd (IRFC)
- Recipient
- Surat Integrated Transportation Development Corporation Limited (SITCO)
- Project
- Surat Multi-Modal Transport Hub (MMTH)
- Agreement Date
- August 19
- IRFC's Goal
- Develop railway-linked infrastructure