Japan International Cooperation Agency (JICA) agreed to lend JPY 295 billion (about Rs 20,000 crore) for the two routes in the proposed Dedicated Freight Corridor (DFC) project. The agency would lend this amount under Special Terms of Economic articipation (STEP) between Japan and India. This is a soft loan with the repayment period of 40 years.
The project appraisal for the two routes comprising Vadodara to Jawharlal Nehru Port (JNPT) and Rewari to Dadri in the Western Dedicated Freight Corridor was signed recently between JICA and Indian Railways. Container transport between JNPT and Delhi is expected to get a boost with the implementation of the 1,499 km Western DFC. The corridor would run between Mumbai and Dadri near Delhi via Tughlakabad.
It would also cater to the transport requirement between the existing and emerging ports in western India and northern hinter
Leave a Reply
You must be logged in to post a comment.