The Indian Railways is likely to move a proposal to set up the country's third dedicated freight corridor from Kharagpur in West Bengal to Vijaywada in Andhra Pradesh, through funding from multi-lateral agencies like Japan International Cooperation Agency (JICA) and World Bank.
The 1,114-kilometre corridor is estimated to cost around Rs 567.49 billion. "We have moved a proposal in this regard and are looking to tap funding from JICA or World Bank for the project," said Anurag Sachan, managing director of the Dedicated Freight Corridor Corporation of India (DFCCIL).
The Railways is likely to incorporate the project in its wish