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World Bank approves $245 million loan for Indian Railways

Published on 27 Jun 2022

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  • The World Bank has approved a $245 million loan to support India's efforts to modernise rail freight and logistics infrastructure.
  • The Rail Logistics project will help India shift more traffic from road to rail, making transport - both freight and passenger -- more efficient and reducing millions of tonnes of greenhouse gas emissions (GHG) each year. The project will also incentivise more private sector investment in the railway sector.
  • Indian Railways is the fourth-largest rail network in the world.
Source: SarkariPariksha