News:
- Railways today assured the industry that the ambitious Rs 81,459 cr worth ‘Dedicated Freight Corridor’ (DFC) project, meant for faster goods movement, will be completed by 2019.
- Currently goods trains are moving at 25/26 km per hour speed. The speed will go up to 100 km per hour on the DFC which will be beneficial for the industry.
- At the moment work is going on two corridors – East and West. There will be two more corridors and pre-feasibility study is being undertaken for that.
- The entire Western Corridor is being funded by Japan International Cooperation Agency (JICA), while the Eastern Corridor from Mughalsarai to Ludhiana is being funded by the World Bank.
Source: ET