Arun Kumar Mishra Upsidc News – Japan to give Rs 8,383 crore loan for Phase-III of Delhi Metro

Japan International Cooperation Agency (JICA) nowadays signed associate degree agreement with the Centre for Rs. 8,383-crore loan for development of Phase-III of metropolis railway line.

The agreement was signed beneath the Official Development help (ODA) of JICA. The loan can facilitate construct Phase-III of {delhi|Delhi|Old metropolis|city|metropolis|urban center} railway line beneath Delhi Mass fast Transport System.

This loan is following another loan of roughly Rs. 7,659 large integer signed in 2012 for phase III clinical trial.

The contemporary agreement was inked by Shinya Ejima, chief representative of JICA in India, and Rajesh Khullar of the Finance Ministry.

The loan comes at a concessional rate of one.4 per cent and carries a compensation amount of thirty years with grace amount of ten years.

Starting with 1997, JICA has provided concerning Rs. 30,098 large integer for construction of metropolis railway line.

“The initial 2 phases that were funded by JICA weren’t solely completed in record time however have go away modal shift in metropolis.

“The gift second loan for the Phase-III can any expand the reach of railway line, and thereby reducing congestion and pollution and boosting economic process,” same Ejima.

Delhi railway line has a hundred ninety metric linear unit of operational network that consists of many lines connecting east and west {delhi|Delhi|Old metropolis|city|metropolis|urban center} and features connecting south and north of town.



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