World Bank approves $245 million loan for Indian Railways

Daily Current Affairs / World Bank approves $245 million loan for Indian Railways

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Category : National Published on: June 27 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.

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World Bank approves $245 million loan for Indian Railways