JICA-GOI signs loan agreement for 4 projects, including Delhi and Bangalore Metros
NEW DELHI (Metro News): The Japan International Cooperation Agency (JICA) and the Indian government on Friday signed ODA (Official Development Assistance) loans worth INR 16,186 crores for 4 projects.
The project includes ODA loans for the Delhi Metro and the Bangalore Metro. For the Delhi Metro, JICA will provide a loan in the amount of INR 8,390 crore for phase 4. This loan amount will be used to finance 3 lines with a total length of 65 km which are already approved by the government. central under phase 3. These lines are the Magenta line from Janakpuri West – RK Ashram (28.92 km) with 25 stations, the Silver line from Aerocity – Tughlakabad (23.6 km) with 15 stations and the rose from Mukundpur – Maujpur (12.58 km) with 8 stations.
For the Bangalore Metro, JICA will provide a loan in the amount of INR 3,717 crore which will be used to finance phase 2 which includes line R6 (21.1 km) from Kalena Agrahara to Nagawara, phase 2A (18 , 3 km) from Silk Board to KR Puram and Phase 2B (37.7 km) from the terminal at KR Puram-Kempegowda International Airport.
These loans will enable DMRC and BMRCL to launch several calls for tenders for different civil and systems works for the two metro systems.
According to JICA, a loan worth around INR 87,000. have been provided by the company for various metro projects in India such as Delhi, Mumbai, Ahmedabad, Bangalore, etc.