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This Article is From Sep 29, 2018

Japan To Provide Over 7000 Crores For High-Speed Rail Project To India

As per the loan agreements, Japan will provide a loan worth Rs 5,591 crore for construction of Mumbai-Ahmedabad high-speed rail project and another worth Rs 1,619 crore for Kolkata East-West Metro project.

Japan To Provide Over 7000 Crores For High-Speed Rail Project To India
Japan will help India with Mumbai-Ahmedabad high-speed rail project and the Kolkata Metro project.
New Delhi:

India on Friday signed two loan agreements with Japan for construction of a Metro project in Kolkata and a high-speed rail project between Mumbai and Ahmedabad, said an official.

As per the agreements, the Japan International Cooperation Agency would provide a loan worth Rs 5,591 crore for construction of Mumbai-Ahmedabad high-speed rail project and another worth Rs 1,619 crore for Kolkata East-West Metro project.

"This further consolidates and strengthens the strategic and global partnership between India and Japan," an official statement said.
 

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