World Bank approves $ 975-mn loan for DFC project

  • 02/06/2011

  • Business Standard (New Delhi)

The World Bank has approved a $975-million (around Rs 4,368 crore) loan for developing the first phase of the eastern arm of the Rs 77,000 crore Dedicated Freight Corridor (DFC) Project in India. The 1,800-kilometre Eastern DFC is being constructed for freight specific transport of commodities by Indian Railways between Delhi and Howrah.