The Japan International Cooperation Agency (JICA) has signed a loan agreement with the Central Government to extend 1,16,520 million yen amounting to ₹7,517 crore to the Western leg of the dedicated freight corridor project. The agency informed that the soft loan is being extended under the government of Japan's official development assistance window. The second phase involves building a new 550-km freight line connecting Dadri to Rewari and Vadodara to Mumbai. The project will help create the largest industrial belt in the Delhi-Mumbai industrial corridor area by linking the industrial parks and harbors of these states between Delhi and Mumbai. The objective of the project is to cope with the increase in freight transport demand by constructing a new dedicated freight railway system between New Delhi and Mumbai, thereby promoting comprehensive regional economic development along the corridor as the backbone of Delhi-Mumbai industrial corridor development plan. The project includes areas where outstanding economic and industrial development has occurred recently, including both Delhi and Mumbai metropolitan areas, which have witnessed massive population growth.
📅Published on:
04 April 2022
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
The Ministry of Tourism has sanctioned 117 tourism infrastructure projects worth Rs 5,756.62 crore across the country over the last two financial years, with
India's Urban Challenge Fund has approved projects worth Rs. 31,000 crore within 20-25 days of the finalisation of its operational guidelines, according to
The Centre has reiterated that the management of urban flooding, including the cleaning and desilting of drains, is primarily the responsibility of state
Prime Minister Narendra Modi laid the foundation stone and dedicated development projects worth around ₹14,700 crore in Haryana, covering railways, highways
Prime Minister Narendra Modi laid the foundation stone and dedicated multiple development projects worth over ₹4,700 crore in Chandigarh, covering healthcare
Defence Minister Rajnath Singh has said that strategic infrastructure such as roads, tunnels, airfields and ports will remain indispensable for national
The Centre has allocated Rs. 1,000 crore for the construction of 2,400 km of rural roads in West Bengal and approved the construction of one lakh houses under
KEC International Ltd., an RPG Group company, has secured new orders worth Rs. 1,180 crore across its Transmission & Distribution (T&D), Renewables, Civil, and
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
