<h1>India and World Bank Sign $650M Agreement for Eastern Dedicated Freight Corridor-III to Boost Rail Transport Capacity.</h1> India has signed a $650 million Guarantee Agreement with the World Bank for the Eastern Dedicated Freight Corridor-III (EDFC-III) Project, aimed at enhancing rail transport capacity and service quality on the Ludhiana-Khurja section. This agreement, part of a larger initiative involving previous World Bank loans, seeks to improve freight throughput and develop the Dedicated Freight Corridor Corporation of India's institutional capacity. The project will benefit Northern and Eastern India's power and heavy manufacturing sectors by improving the transportation of materials and goods, while also alleviating congestion on passenger railway lines.