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JICA extends ODA loan of `18,750 cr for bullet train
Japan International Cooperation Agency (JICA) on Wednesday said it has signed an agreement with India to provide an Official Development Assistance (ODA) loan of Rs 18,750 crore as tranche 4 for the construction of Mumbai-Ahmedabad High-Speed Rail (MAHSR).
New Delhi: Japan International Cooperation Agency (JICA) on Wednesday said it has signed an agreement with India to provide an Official Development Assistance (ODA) loan of Rs 18,750 crore as tranche 4 for the construction of Mumbai-Ahmedabad High-Speed Rail (MAHSR). According to JICA statement, it is the largest amount committed through a single project loan agreement in the history of JICA across the globe. The statement said JICA has been supporting the MAHSR project by providing ODA loans with the cumulative commitment amount of Rs 40,625 crore since 2017 and by providing technical assistance, including feasibility study, basic and detailed design, trainings in Japan, and dispatch of Japanese Shinkansen experts to the executing agency of MAHSR project, National High Speed Rail Corporation Limited (NHSRCL).
