World Bank, JICA, SBI Capital and HDFC Bank Express Interest in PPP Freight Corridor Project | India News


NEW DELHI: Around 42 entities, including multilateral financial institutions, commercial banks and major infrastructure players, have expressed interest in the Sonnagar-Gomoh section of the dedicated eastern freight corridor, which will be developed in of public-private participation (PPP) at an estimated cost of Rs. 9,000 crore.
DFCCIL, the SPV running the two dedicated freight corridors (DFC), said on Tuesday that a meeting was held on Tuesday with stakeholders for the development of this 262 km section in PPP mode. He said there were around 100 participants from 42 entities.
They included the World Bank, Japan International Cooperation Agency (JICA), National Investment and Infrastructure Fund (NIIF), Edelweiss Asset Reconstruction Company, SBI Capital, HDFC Bank, India Exim Bank and KPMG. Companies such as L&T, GMR, GR Infraprojects, Tata Projects, IRCON, Adani Group, Siemens, Sojitz, RZD International LLC are also interested in the project.
The section is expected to serve major power plants, industrial corridors and multimodal logistics parks in Haryana, Punjab, Delhi and Uttar Pradesh. Growing trends in consumption and production of finished steel would lead to growth in steel traffic on the road, DFCCIL said.
It also plans to develop multimodal logistics parks, sidings and feeder roads for last mile connectivity along the section route to attract more traffic and achieve a targeted share of rail freight. .
Part of EDFC, the 536 km Sonnagar-Dankuni section has been approved by the Ministry of Railways for PPP development. The ministry asked DFCCIL to undertake this project in two phases – Sonnagar to Gomoh (262 km) Gomoh to Dankuni (274 km).


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