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Railways may renegotiate DFC loan condition

Railways & Metro Rail
September 1, 2016September 1, 2016
Railways may renegotiate DFC loan condition
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The Railways is contemplating to renegotiate loan condition with Japan for procuring high horsepower electric locomotives for the Western Dedicated Freight Corridor (DFC) as the procurement award is stuck over the pricing front. The Railways´ ambitious plan to acquire 9,000 HP locomotives from Japan for hauling double stack containers on the Western DFC has come to a dead end with, no further progress on the issue for more than last seven months.

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