India's freight network receives loan from Japan

A loan from Japan, worth $18.5 million, will develop India’s freight rail network.
It will help build 552km of rail track for freight traffic in the country’s western corridor between Delhi and Mumbai. It is the second phase of the Japanese-Indian collaborative Dedicated Freight Corridor project. The total amount of the loan allocated to the project is one of the largest in the world. India received a $1 billion loan for the construction of the corridor’s first phase in 2009.

Both countries hope the cooperative implementation of the project will become a new symbol of partnership.
A dedicated freight railway line will be constructed, complete with fully automated signals and communication systems It will also fund high-speed trains designed for freight transportation, as well as an initial review of the basic infrastructure design and tender preparation process.

The Dedicated Freight Corridor project is part of the Delhi-Mumbai Industrial Corridor initiative, set to become India’s largest industrial belt, promoting foreign export and investment – specifically from Japan.

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