New Delhi: In order to construct an eastern freight corridor, the World Bank has offered a loan of USD 97.5 crore to the Railways. Under the scheme, separate line for goods train, two dedicated freight corridors , east and west, will be constructed under Phase-I.
Railways had to take loan from the World Bank owing to financial crisis.

The agreement was signed by World Bank Country Director Roberto Zagha and Department of Economic Affairs Joint Secretary Venu Rajamony and Dedicated Freight Corridor Corporation of India Limited (DFCCIL) Project Director Anshuman Sharma.

“Around USD 3 billion have to be spent on the infrastructure in the 12th Five Year Plan in which Railways have a large share. Since 1990, road transport is expanding more than the railways,” said Rajamony.

After the freight corridor, the share of railways in goods transportation and passenger will increase.

Decision of a separate line for the goods train was taken during Lalu Prasad Yadav’s tenure. Around Rs 60, 000 crore is expected to be spent on the corridor.

The eastern freight corridor will connect Ludhiana to Howrah whereas the western freight corridor will connect Dadri to Mumbai.

JPN/Bureau