Special Correspondent

NEW DELHI: Japan on Friday announced that it would begin from June 12 the proposed feasibility study on building prestigious dedicated freight corridors on the Delhi-Mumbai and Delhi-Howrah rail routes.

According to an announcement by the Japanese Embassy here, the study will cover the feasibility of development of computerised multi-modal, high-axle load, dedicated freight corridors.

The feasibility study is a follow-up of Japanese Prime Minister Junichiro Koizumi's visit to India in April last year.

Finance

It indicated that Japan might decide to finance the freight corridors' construction of the 2,800 km Mumbai-Delhi and Delhi-Howrah rail routes, and the possibility of applying the Special Term for Economic Partnership (STEP) of yen loan.

The robust Indian economic growth has made the need for freight capacity felt making the efficient Indian transport and distribution system a priority, the statement further said.

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