WB okays $650 mn loan for Eastern Freight Corridor

New Delhi:  The World Bank approved $650 million towards loans for the Eastern Dedicated Freight Corridor to facilitate faster and more efficient movement of goods between northern and eastern parts of India. The Eastern Corridor is 1,840 km long and extends from Ludhiana to Kolkata. This is the third loan by the multilateral lending agency towards EDFC and will be utilised to build the 401-km Ludhiana-Khurja section in Uttar Pradesh, Haryana and Punjab. The project is expected to help raise capacity of these freight-only lines and develop institutional capacity of the Dedicated Freight Corridor Corporation of India to build and maintain infrastructure network, it added.