Question
The ________ approved a $245-million loan for the rail
logistics project to help reduce India’s high carbon emissions and low modal freight share in the railways.Solution
The World Bank approved a $245-million loan for the rail logistics project to help reduce India’s high carbon emissions and low modal freight share in the railways. The project will help India shift more traffic from road to rail, making transport — both freight and passenger — more efficient, and reduce millions of tonnes of greenhouse gas emissions each year. The project will also incentivise more private sector investment in the sector.
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