INDIAN RAILWAYS : REACHING MORE MILESTONES IN THE PAST ONE YEAR | The India Post

Progress has been made in the implementation of Western and Eastern Dedicated Freight Corridor (DFC) project in the current year. Funding for the Western Corridor (1515 Kms) is from Japan International Cooperation Agency (JICA) through the Official Development Assistance (ODA) loan under the Special Terms for Economic Partnership (STEP) scheme of Government of Japan.  JICA would be funding about 80-85 per cent of the project cost. JICA assistance for phase-I (Rewari-Vadodara, 950 Kms) is estimated at 405 billion Japanese Yen (about Rs. 210000 crore) and loan agreement for the first tranche for 90.262 billion Japanese Yen   ( about 4500 crore) was signed on 31.03.2010.  Engineering Consultancy services contract for Phase-I has been awarded by DFCCIL on 12.05.2010.  Target for award of civil contract of Phase - I is October, 2011.  For Phase-II the funding tie up with JICA is in advanced stage and Engineering Services loan agreement for 1.616 billion JPY (about Rs. 80 crore) is scheduled to be signed in June, 2010.  Main loan for Phase-II (about 226 billion JPY, about Rs. 11300 crore) is targetted to be signed in May/June 2011...