Rail Funding: IRFC Extends Rs 9,821 Crore Loan to DFCCIL; World Bank Debt Refinanced in Rupee Terms
In a landmark development for India’s railway infrastructure financing, the Indian Railway Finance Corporation (IRFC) has extended a massive Rs 9,821 crore loan to the Dedicated Freight Corridor Corporation of India Limited (DFCCIL). This funding arrangement also includes the refinancing of World Bank debt in rupee terms, marking a significant step toward strengthening India’s freight…