Follow Us:
Monday, July 16, 2018

Japan offers soft loan of Rs 7,158 crore

Japan committed to provide additional overseas development assistance to the tune of Rs 7,158 crore to India...

Written by Express News Service | New Delhi | Published: March 28, 2009 12:36:45 am

Japan committed to provide additional overseas development assistance to the tune of Rs 7,158 crore to India on Friday. The new agreement with the Japan International Co-operation Agency will take India’s assistance from Japan to a cumulative total of Rs 1,13,209 crores. The new tranche will be used to provide financing to four major projects namely- Delhi Mass Rapid Transport System Project,Guwahati Water Supply Project,Hogenakkal Water Supply & Fluorosis Mitigation Project and Kerala Water Supply Project (III).

In the case of the Delhi Mass Rapid Transport System Project (Phase 2) (IV) the Japanese will provide an assistance to the tune of Rs 4,061 crore approximately or Yen 77.75 billion. So far Government of Japan has committed a total of Yen 341.087 billion (including the current tranche) for two phases of this project. The first phase is already complete and the second is going on. The objective of the project is to cope with the increasing traffic in Delhi. As far as the Guwahati Water Supply Project is concerned the Japanese government plans to provide an assistance of Rs 1,538 crore or Yen 29.45 billion. The project envisages creating waterworks facilities in Guwahati city,thereby achieving potable water supply to cover 100 per cent of the citizens within the above area.

For all the latest News Archive News, download Indian Express App

Advertisement
Advertisement
Advertisement