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Friday , 24 May 2024

India gets WB loan for freight corridor


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Once the corridor is ready, the Railways’ transportation capacity will get a boost as it will lead to building high-capacity, higher speed dedicated freight corridors along the golden quadrilateral – the highway network that connects India’s four metropolises viz. Delhi, Mumbai, Chennai and Kolkata. At present, despite carrying more than 50% of India’s total rail freight, these routes own only 16% of the railway network’s total length.

These dedicated corridors will also decongest the already saturated rail network and help in shifting freight transport from roads to railways which are more effective. As it is, freight traffic in India is expected to grow by at least 7% annually.

 

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