IRFC provides ₹199.70 crore for India's first multi-modal hub

Indian Railway Finance Corporation has sanctioned a ₹199.70 crore term loan to Surat Integrated Transportation Development Corporation Limited for developing the Surat Multi-Modal Transport Hub.

The project, a joint venture between the Ministry of Railways and Gujarat government, will integrate rail, metro, BRTS, and taxis while upgrading station infrastructure.

The financing demonstrates IRFC's expanded role as a diversified infrastructure financier beyond traditional railway projects.