New Delhi: Japan International Cooperation Agency (JICA) today signed an agreement with the Centre for Rs 8,383-crore loan for development of Phase-III of Delhi Metro.
The agreement was signed under the Official Development Assistance (ODA) of JICA. The loan will help construct Phase-III of Delhi Metro under Delhi Mass Rapid Transport System.
This loan is subsequent to another loan of approximately Rs 7,659 crore signed in 2012 for phase III.
The loan comes at a concessional rate of 1.4 per cent and carries a repayment period of 30 years with grace period of 10 years.
"The first two phases which were funded by JICA were not only completed in record time but have set off modal shift in Delhi.
Delhi Metro has 190 km of operational network that consists of several lines connecting east and west Delhi and lines connecting south and north of the city.
The agreement was signed under the Official Development Assistance (ODA) of JICA. The loan will help construct Phase-III of Delhi Metro under Delhi Mass Rapid Transport System.
This loan is subsequent to another loan of approximately Rs 7,659 crore signed in 2012 for phase III.
The loan comes at a concessional rate of 1.4 per cent and carries a repayment period of 30 years with grace period of 10 years.
Advertisement
"The first two phases which were funded by JICA were not only completed in record time but have set off modal shift in Delhi.
Advertisement
Delhi Metro has 190 km of operational network that consists of several lines connecting east and west Delhi and lines connecting south and north of the city.
Advertisement
COMMENTS
Advertisement
Indian Fintech Sector To Reach $420 Billion By 2029: Digital Payments Body Boat Nirvana Space TWS Earphones With 360-Degree Spatial Audio Support Launched in India I Am Going All-Out To Win Gold In Paris: PV Sindhu World's Largest Isolated Tribe Makes Rare Appearance In New Footage Why BJP Lost Lok Sabha Polls In Uttar Pradesh - 6 Reasons In Party Report Puja Khedkar's Mother Was Hiding In Lodge As "Indubai" Using Fake ID Indian Fintech Sector To Reach $420 Billion By 2029: Digital Payments Body Fix Your FASTag On Windshield Else Pay Double. See New SOPs Uttarakhand's 'Signature Bridge', Under Construction, Collapses Track Latest News Live on NDTV.com and get news updates from India and around the world.