World Bank approves $650 million loan for Eastern Dedicated Freight Corridor [ Current Affairs ]
World Bank (headquarter Washington DC) has approved an additional loan of 650 million dollars for India’s Eastern Dedicated Freight Corridor (DFC) Project. World Bank will fund to build 401 km Ludhiana-Khurja section worth 650 million dollar that falls in three North Western states of Uttar Pradesh, Haryana and Punjab.
- Eastern Dedicated Freight Corridor (DFC) Project is also going to help to reduce greenhouse gases (GHGs) emissions caused by road transportation in this region. It was approved in third round of World Bank funding and follows earlier two other loans by the bank for this project.
- Aim at developing Eastern Dedicated Freight Corridor (DFC) Project to enhance the institutional capacity and to build and maintain the DFC infrastructure network.
- The speeds of freight carriers will be further boosted up to 100 km/hr due to dedicated freight lines. The project will further help to increase the capacity of freight-only lines. It will raise the axle-load limit from existing 22.9 tonnes to 25 tonnes.
- Eastern Dedicated Freight Corridor (DFC) Project aims at the faster delivery of goods between the northern and eastern parts of the country.
- Published on: July 6, 2015