IBRD Loan: US$975 Million
Terms: Maturity = 22 years; Grace = 7 years
Project ID: P114338
Project Description: The project will help Indian Railways set up the Eastern Dedicated Freight Corridor, a freight-only rail line, that will help faster and more efficient movement of raw materials and finished goods between the Northern and Eastern parts of India. The corridor will also allow Indian Railways to free up capacity and better serve the large passenger market in this densely populated region.