World Bank loan for Indian Railways.

The World Bank announced to provide $650 million loan for a major project of the Indian Railways, the Eastern Dedicated Freight Corridor project. Construction of the Eastern Dedicated Freight Corridor will help speed up the carrying of goods between Ludhiana in the west of India and Kolkata in the east. This huge project will span 1,840 kms (1,140 miles) across the North India. The loan is the third from the World Bank to help fund the freight corridor.