World Bank team to assess Eastern Corridor Project

A six-member World Bank team will assess the Eastern Corridor project of Indian Railways. The team is scheduled to arrive in India on July 14, according to media reports. The Eastern Dedicated Freight Corridor Project has been approved by the Cabinet Committee on Economic Affairs.

Indian Railways has approached the World Bank for the funding the Rs. 12,000 crore project. The project will be used exclusively for operating freight trains at maximum permissible speed of 100 km per hour. The corridor will start from Ludhiana and end at Kolkata. It is expected that, the corridor will complete in two phases. The project will benefit Indian Railways and other industries.