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The Government of India received a loan from ADB towards the Railway Sector Improvement Project, the overall objective of which was to improve the performance of the railway sector by supporting implementation of a program of institutional and policy reforms to improve the commercial operation of Indian Railways (IR), and to support expansion of core business by financing priority investments to overcome railway capacity bottlenecks and improve operational efficiency and safety. The Project was also to contribute to organizational efficiency by promoting outsourcing, award of concessions and use of consolidated contracts for execution of railway investment projects. It was to support wide-ranging improvements in the overall governance of IR by strengthening accountability, transparency and management. RVNL was created as a Special Purpose Vehicle responsible for the implementation of sub-projects funded with this loan, and PADECO is engaged to provide consulting services for the monitoring of these sub-projects.