The Cabinet Committee on Economic Affairs has said that it has approved the revised cost estimate of Rs 81,459 crore for the Eastern and Western Dedicated Freight Corridor (DFC) Project, including land costs and financing plan, PTI reported.
As per media reports, DFC is aimed to spur economic growth and is being created for the exclusive movement of freight. While the 1,839-km-long Eastern DFC from Ludhiana to Dankuni is estimated to cost Rs 26,674 crore, the construction of the 1,499-km-long Western DFC from Dadri to Jawaharlal Nehru Port will involve an expenditure of Rs 46,178 crore.
Earlier, CCEA had given its approval for implementation of the Eastern and Western DFC projects with an expenditure of over Rs 28,181 crore in March 2008, out of which Rs 13,000 crore have been incurred on the same.
The approval for the revised cost estimate was neccessary for proceeding with project implementation and entering into commitments.
The Western Corridor is being funded by JICA while the Eastern Corridor from Mughalsarai to Ludhiana is being funded by World Bank.