Railways unveils Rs. 3.3 lakh-cr DFCC arms

    Railways DFCC
    Funds flowing from the freight corridors will go to Indian Railways, which in turn would create three new arms entailing an investment worth Rs 3.3 lakh-cr. As a matter of fact, 35-40% of the funds with DFCC as Track Access Charges India will go to set up three new arms of the dedicated rail freight corridors, crisscrossing the length and breadth of the country in the next eight years. The 5,500-km-long new corridors would supplement the existing plans to lay 3,300-km-long two Dedicated Freight Corridors (DFC). The feasibility study of the three corridors has been completed and submitted by RITES, said Managing Director, Dedicated Freight Corridor Corporation (DFCC), Adesh Sharma, adding that the Ministry of Railways, implementing Rs. 82,000-cr DFCC project, during this year's Budget had announced three new corridors: 2,328-km North-South corridor between Delhi and Chennai; 2,327-km East-West corridor between Kolkata and Mumbai; and 1,114-km East Coast corridor between Kharagpur and Vijaywada, he added.
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