JICA India: There has been great success in taking forward the dedicated freight corridor being built to transport goods trains from one corner to another faster in the country. The Government of India and Japan International Cooperation Agency (JICA) have signed a loan agreement of Rs 2,254 crore (40,000 million yen) for the Dedicated Freight Corridor (DFC) project. The project aims to meet the growing demand for freight transportation in India by building a new 915 km DFC between Delhi and Mumbai.
Emission of greenhouse gases will also reduce
DFC project will give new impetus to the Delhi-Mumbai Industrial Corridor (DMIC) development plan. Besides, economic development will also get a boost in the entire region. This project includes those areas where there has been considerable economic and industrial development recently. These include cities like Delhi and Mumbai. Their population has increased rapidly. This project will also help in reducing green house gas (GHG) emissions. Phases 1 and 2 of the project are expected to collectively reduce greenhouse gas emissions equivalent to 12.79 million metric tons of CO2 per year.
Development will take place between Delhi and Mumbai
The loan agreement for this project was signed by Vikas Sheel, Additional Secretary, Department of Economic Affairs, Ministry of Finance, and Saito Mitsunori, Chief Representative of JICA India. On this occasion, Saito Mitsunori said that the Western Dedicated Freight Corridor (WDFC) being developed under the project covers important trade and industrial areas between Delhi and Mumbai. The Western DFC Project is an important part of the Delhi-Mumbai Industrial Corridor. This is a project showing the growing cooperation between Japan and India. This will promote economic development.
India's largest industrial belt will be built
In Phase 1 of this project, a new 915 km long freight line (goods train track) connecting major cities of Haryana, Rajasthan and Gujarat has been built from Rewari to Vadodara. The project will help create India's largest industrial belt in the DMIC region by connecting industrial parks and ports in the states between Delhi and Mumbai to promote exports and FDI.
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