<h1>India and World Bank Sign $1.1 Billion Deal for Eastern Dedicated Freight Corridor-II to Boost Rail Capacity.</h1> India has signed a $1.1 billion guarantee agreement with the World Bank for the Eastern Dedicated Freight Corridor-II Project, aimed at enhancing rail transport capacity and service quality on the 393 km Kanpur-Mughal Sarai section. The project, part of a broader initiative to improve the rail network, will benefit northern and eastern India's power and heavy manufacturing sectors by easing transportation of materials and goods. It also aims to decongest existing passenger lines. The agreement was signed by representatives from the Indian government and the World Bank, continuing efforts from the first phase of the project.