JICA grants ODA Loan for the Dedicated Freight Corridor Project

Japan International Cooperation Agency (JICA) has signed an agreement with the Government of India to provide an Official Development Assistance (ODA) loan of 130,000 million Japanese Yen (approximately INR 8,553 Crore) for the “Dedicated Freight Corridor (DFC) Project (Phase 1) (IV)”. The objective of the Project is to cope up with increase in freight transport demand in India by constructing new dedicated freight railway system between Delhi and Mumbai, thereby promoting comprehensive regional economic development along the freight corridor as the backbone of Delhi-Mumbai Industrial corridor (DMIC) development plan. Dedicated Freight Corridor Corporation of India Limited (DFCCIL) is the Executing Agency of the Project.