March 14, 2012 / 12:16 PM / 5 years ago

OFFICIAL CORRECTION-Indian railways plans to borrow $3 bln in 2012/13

(Corrects figure in headline and first paragraph after the figure in the budget document differed from what the minister said in his budget speech)

NEW DELHI, March 14 (Reuters) - India's railway ministry plans to borrow 150 billion rupees ($3 billion) from the market through the Indian Railway Finance Corporation (IRFC) in the 2012/13 fiscal year, Railway Minister Dinesh Trivedi said on Wednesday.

Speaking as he unveiled the ministry's budget to parliament, he also said India planned to invest $147 billion in the railways during the next five-year plan period that runs from 2012 to 2017. ($1 = 49.9250 Indian rupees) (Reporting by Matthias Williams and Manoj Kumar; editing by Malini Menon)

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