India today signed a 650-million dollar loan agreement with the World Bank for the Eastern Dedicated Freight Corridor.<br/><br/>In a statement issued in New Delhi, the World Bank said, the project will benefit industries of Northern and Eastern India, which rely on railway network for transportation of material inputs and exports. <br/><br/>It would also accelerate creation of jobs in the northern and eastern regions of the country. <br/><br/>This the third loan agreement that the World Bank has signed for the Eastern Corridor, which is 1,840 km long and extends from Ludhiana to Kolkata.