Kumar appreciated the speedy implementation of the project which is scheduled to be completed in time and said that DFCCIL would act as a crucial multiplier for the Indian economy.
During the Covid time, the DFCCIL made several policy interventions, including modification of a cost centre enabling payment of Rs 930 crore to contractors. In the Eastern DFC, the World Bank is funding the 1,192-Km Ludhiana (Punjab) to Mughalsarai (Uttar Pradesh) stretch. Out of Rs 30,358 crore, the World Bank is extending Rs 13,625 crore for the project. On the other hand, the Western DFC (WDFC) is being partly funded through a loan of Rs 38,722 crore from Japan International Cooperation Agency (JICA) out of the project cost of Rs 51,101 crore. The remaining part of the project cost for both the corridors is funded through gross budgetary support from the Government of India as equity contribution.
The Eastern and Western Dedicated Freight corridors are expected to see investments to the tune of Rs 81,459 crore. On the other hand, two other corridors, East-West (EWDFC) and East-Coast (ECDFC) DFCs at investments of around Rs 1.23 trillion are also expected to be in place by 2027. Based on a RITES projection, the EWDFC may handle around 449.88 million tonne (MT) traffic by 2031-32 and 690.6 MT by 2041-42. On the other hand, ECDFC may handle 405.11 MT by 2031-32 and 861.02 MT by 2041-42.