Dedicated Freight Corridor Corporation of India Limited (DFCCIL) has signed a rupee term loan agreement worth Rs 98.21 billion with the Indian Railway Finance Corporation Limited (IRFC) to refinance its current foreign currency debt on December 23, 2025. The debt was availed from the World Bank’s International Bank for Reconstruction and Development (IBRD) for the Eastern Dedicated Freight Corridor (EDFC) project.
Further, it is a first-of-its-kind refinancing arrangement, structured in coordination with the Ministry of Finance (MoF), Ministry of Railways (MoR), DFCCIL, IRFC, and the World Bank, which is likely to result in savings of Rs 27 billion for the Government of India (GoI).