• Saturday, August 20, 2022

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India and Japan sign loan agreements for metro rail projects

India, Japan Sign Two Agreements for Mumbai-Ahmedabad High Speed Rail, Kolkata Metro Projects (Photo: IBYANGSHU SARKAR/AFP/Getty Images).

By: Radhakrishna N S

India on Friday (28) signed two loan agreements with Japan for construction of a Metro project in Kolkata and a high-speed rail project between Mumbai and Ahmedabad, according to an official. As per the agreements, the Japan International Cooperation Agency (JICA) would provide a loan of £592.84 million for the construction of the Mumbai-Ahmedabad high-speed rail project and an amount of £171.67m for the Kolkata East-West Metro Project. The additional secretary Dr. CS Mohapatra, representing India’s Ministry of Finance and Katsuo Matsumoto, chief representative, Japan International Cooperation Agency (JICA) signed the loan agreements for the projects. The objective of the Mumbai-Ahmedabad…

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