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World Bank building

MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

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Hands husking peas into a basket full of peas

Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives.

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Explore different types of political risk insurance guarantees provided to investors and lenders.

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Explore global projects that support economic growth, reduce poverty and improves people’s lives.

India

DEDICATED FREIGHT CORRIDOR CORPORATION OF INDIA LIMITED

Infrastructure
Early Disclosure
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Environmental and Social Impact Assessment and Associated Environmental and Social Management Documents

Disclaimer: Through this Early Disclosure, MIGA provides access, early in the environmental and social assessment process, to the Environmental and Social Impact Assessment (ESIA) and associated environmental and social management documents. These documents have been prepared by the DFCCIL and should not be taken as an indication that MIGA has completed its review of the potential investment. The purpose of this Early Disclosure is to enhance the transparency of MIGA’s activities with reference to those projects or investments that are categorized as Category A under MIGA’s Policy on Environmental and Social Sustainability (2013). This document should not be construed as presuming the outcome of the decision by MIGA’s Board of Directors. In addition, prior to any consideration of the investment by MIGA's Board of Directors, the Summary of Proposed Guarantee (SPG) and the Environmental and Social Review Summary (ESRS) would be disclosed at least 60 days in advance. The following Early Disclosure is disclosed in accordance with MIGA's Access to Information Policy (2013). 

Project description  

This Early Disclosure covers a proposed investment by commercial lenders yet to be identified (the Guarantee Holders) for their non-shareholder loan to  the Indian state-owned enterprise Dedicated Freight Corridor Corporation of India Limited (DFCCIL) to finance design and construction to help complete the Sahnewal[1]-Khurja section and Bhaupur[2]-Deen Dayal Updadhyay[3]section of the Eastern Dedicated Freight Corridor, and the last mile connectivity of freight corridor to multimodal logistics terminals (the Project). The World Bank’s fourth loan (the “Rail Logistics Project”, WB Project ID P177856) to DFCCIL is being proposed in concomitant with the MIGA-covered loan. 

[1] Also known as Ludhiana.

[2] Also known as Kanpur.

[3] Also known as Mughalsarai.

 

Environmental Categorization  

The Project is Category A under MIGA’s Policy on Environmental and Social Sustainability (2013). 

The ESIA and key Environmental and Social Management documentation can be accessed below: 

The ESIA and additional Environmental and Social Management Plan documents are also available on the Project Enterprise’s website: https://dfccil.com/Home/DynemicPages?MenuId=267  

 

This early disclosure was published on  June 30, 2022.

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