The Dedicated Freight Corridor Corporation of India Ltd. (DFCCIL) has managed to secure $100 million funding through an external commercial borrowing (ECB) from Japan’s MUFG Bank. It was made possible with the support of a credit enhancement guarantee provided by the Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group. DFCCIL holds responsibility for building and managing dedicated freight railway corridors spanning across the nation. This strategic initiative aims to alleviate congestion within existing rail transportation networks and promote the establishment of a more efficient, reliable, and sustainable transport infrastructure system.
📅Published on:
10 August 2023
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