World Banks assistance to boost trade across Indias eastern borders
India gets second loan of $1.1 billion for the Eastern Dedicated Freight Corridor (a freight-only rail line) between the north and eastern parts of India The Dollar Business Rail routes in the Golden Quadrilateral connecting Delhi, Mumbai, Chennai and Kolkata, account for 16% of the railway networks route length, but carry over 60% of Indias total rail freight, according to the World Bank The recently signed $1.1 billion agreement between India and the World Bank towards the second loan for the Eastern Dedicated Freight Corridor (DFC) is expected to boost Indias trade with Bangladesh and other countries across Indias eastern borders. The Eastern Dedicated Freight Corridor is a freight-only rail line and will improve the speed and efficiency, while reducing transport costs in ...
