Office Address
123/A, Miranda City Likaoli Prikano, Dope
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+0989 7876 9865 9
+(090) 8765 86543 85
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info@example.com
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123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
Japan International
Cooperation Agency (JICA) signed a loan agreement amounting to Rs 2,254 crores
with the Government of India for the Dedicated Freight Corridor Project (Phase
1) (V) between Rewari and Vadodara.
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. The
project includes areas where outstanding economic and industrial development
has occurred recently, including both Delhi and Mumbai Metropolitan Areas,
which have witnessed massive population growth.
This Project will
also contribute to the reduction of greenhouse gas (GHG) emissions, and the
total climate change mitigation benefits (estimated GHG emission reductions) of Phase 1 and 2
of the Project are approximately 12.79 million metric tons of CO2 equivalent
per year.
The loan agreement for the
project was signed between Mr. Vikas Sheel, Additional Secretary, Department of
Economic Affairs, Ministry of Finance and Mr. SAITO Mitsunori, Chief
Representative, JICA India.
Speaking on this occasion, Mr.
SAITO Mitsunori, Chief Representative of JICA India office said, “The Western
Dedicated Freight Corridor being developed by the project runs between Delhi and Mumbai and covers the areas where
significant commercial and industrial development is seen. The Western DFC
Project is an important part of the “Delhi-Mumbai Industrial Corridor (DMIC)
initiative”, which is part of the Japanese-Indian collaborative Project aimed
at comprehensive regional development. It will help to promote comprehensive
regional economic development along the freight corridor in DMIC area.”
In the phase 1, a new 915 km
freight line (Rewari to Vadodara) connecting the major cities in Haryana,
Rajasthan, and Gujarat states has been constructed. The Project will help in
creating India’s largest industrial belt in DMIC area by linking the industrial
parks and harbors of the states between Delhi and Mumbai in order to promote
foreign export and direct investment.
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Tags : Dedicated Freight Corridor, Delhi Mumbai Industrial Corridor (DMIC), JICA
