World Bank signs US$1·1bn Dedicated Freight Corridor loan

The government, World Bank and project promoter Dedicated Freight Corridor Corp of India Ltd signed a US$1·1bn loan agreement to fund the second phase of the Eastern DFC on December 11.

INDIA: The government, World Bank and project promoter Dedicated Freight Corridor Corp of India Ltd signed a US$1·1bn loan agreement to fund the second phase of the Eastern DFC on December 11. The 22-year International Bank for Reconstruction & Development loan has a seven-year grace period.

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