World Bank (WB) has approved a USD 245 million loan to extend support for Railway Logistics Project.World Bank loan will support India’s efforts of modernising rail freight and logistics infrastructure.As per statement, capacity constraints of Indian Railways have reduced the speed & reliability of shipments as well as limited the volumes.Thus, Railways has been losing market share to trucks by time. In 2017-18 the market share was 32 per cent, as compared to 52 per cent a decade earlier.
Rail Logistics project
Freight transport through railways
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