{"id":80981,"date":"2016-10-22T13:54:39","date_gmt":"2016-10-22T08:24:39","guid":{"rendered":"http:\/\/www.scconline.com\/blog\/?p=80981"},"modified":"2016-11-28T14:57:28","modified_gmt":"2016-11-28T09:27:28","slug":"india-sgns-guarantee-agreement-with-world-bank-for-ibrd-direct-lending-of-us-650-million-for-eastern-dedicated-freight-corridor-iii-project","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2016\/10\/22\/india-sgns-guarantee-agreement-with-world-bank-for-ibrd-direct-lending-of-us-650-million-for-eastern-dedicated-freight-corridor-iii-project\/","title":{"rendered":"India signs Guarantee Agreement with World Bank for IBRD direct lending of US$ 650 million for Eastern Dedicated Freight Corridor-III Project"},"content":{"rendered":"

India Signs Guarantee Agreement with the World Bank For IBRD direct lending of US$ 650 million to the Dedicated Freight Corridor Corporation of India Ltd. (DFCCIL) for Eastern Dedicated Freight Corridor-III (EDFC-III) Project<\/strong><\/p>\n

A Guarantee Agreement for World Bank (IBRD) lending of US$ 650 million to the Dedicated Freight Corridor Corporation of India Ltd. (DFCCIL) for Eastern Dedicated Freight Corridor-III (EDFC-III) Project has been signed between the Government of India and the World Bank here today in the national capital. This Agreement was signed by Shri Raj Kumar, Joint Secretary (MI), Department of Economic Affairs, Ministry of Finance on behalf of the Government of India and Mr. Hisham Abdo, Acting Country Director, World Bank, India on behalf of the World Bank.<\/p>\n

The objective of the EDFC-III Project is to augment rail transport capacity, improve service quality and enhance freight carriage throughput on the 401 km Ludhiana-Khurja section of the Eastern Dedicated Freight Corridor; and develop institutional capacity of DFCCIL to build, maintain and operate the entire DFC network. This project is in continuation of Phase-I and II of the EDFC Projects being implemented by the DFCCIL with the World Bank loan of US$ 975 million and US$ 1100 million respectively on the Dadri-Khurja-Kanpur; and Kanpur-Mughal Sarai stretches of the Eastern Rail Corridor (Ludhiana-Delhi-Kolkata). The project will directly benefit the power and heavy manufacturing industries of Northern and Eastern India, which rely on railway network for transportation of their material inputs and also for the distribution of bulk processed and semi-processed commodities and consumer goods. Railway passengers will also be benefitted through decongestion of the existing passenger lines.<\/p>\n

Ministry of Finance<\/p>\n","protected":false},"excerpt":{"rendered":"

India Signs Guarantee Agreement with the World Bank For IBRD direct lending of US$ 650 million to the Dedicated Freight Corridor Corporation <\/p>\n","protected":false},"author":91,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2,8],"tags":[],"class_list":["post-80981","post","type-post","status-publish","format-standard","hentry","category-news","category-treaties_conventions_internationalagreements"],"yoast_head":"\nIndia signs Guarantee Agreement with World Bank for IBRD direct lending of US$ 650 million for Eastern Dedicated Freight Corridor-III Project | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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The objective of the proposed programmatic operation is to support the Government of Rajasthan (GoR)'s program for the turnaround of the distribution\u2026","rel":"","context":"In "News"","block_context":{"text":"News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/01\/agreement.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/01\/agreement.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/01\/agreement.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/01\/agreement.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/01\/agreement.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":103261,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/02\/02\/india-signs-financing-agreement-with-world-bank-for-us-201-50-million-for-third-technical-education-quality-improvement-programme\/","url_meta":{"origin":80981,"position":3},"title":"India Signs Financing Agreement with World Bank for US$ 201.50 Million for Third Technical Education Quality Improvement Programme","author":"Saba","date":"February 2, 2017","format":false,"excerpt":"A Financing Agreement for IDA credit of US$ 201.50 million (equivalent) for the \u201cThird Technical Education Quality Improvement Programme (TEQIP III)\u201d was signed with the World Bank here yesterday. 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