Japan International Cooperation Agency (JICA) signed a loan agreement amounting to Ra 2,254 crores with the Government of India for the Dedicated Freight Corridor Project (Phase 1) (V) between Rewari and Vadodara.
The objective of the Project is to cope up with increase in freight transport demand in India by constructing new dedicated freight railway system between Delhi and Mumbai, thereby promoting comprehensive regional economic development along the freight corridor as the backbone of Delhi-Mumbai Industrial corridor (DMIC) development plan.