Arun Kumar Mishra Upsidc News - Japan to Give Rs 8,383 crore loan for Phase-III of Delhi Metro

by Arun Kumar Mishra (UPSIDC) Be the Change

Japan International Cooperation Agency (JICA) Signed nowadays Diploma agreement with the Centre for Rs. 8,383-crore loan for development of Phase-III of Metropolis railway line. The agreement WAS Signed help beneath the Official Development Assistance (ODA) of JICA. The loan facility CAN construct Phase-III of {delhi | Delhi | Old Metropolis | city | metropolis | urban center} Delhi railway line beneath Fast Mass Transport System . This loan is GMT Another loan of roughly Rs. Signed large integer 7659 2012 for phase III clinical trial. The contemporary WAS agreement inked by Shinya Ejima, chief representative of JICA in India, and Rajesh Khullar of the Finance Ministry. The loan comes at a concession rate of one.4 per cent and Carries acompensation amount of thirty years with grace amount of ten years. Starting with 1997, JICA has provided Concerning Rs. 30 098 large metropolis integer for construction of railway line."The initial two Phases That Were Funded by JICA Were not solely completed in record time however have go away modal shift in the metropolis. "gift The second loan for the Phase-III of can expand any the reach of railway line, and thereby reducing congestion and pollution and boosting economic process, "Ejima same. Delhi railway line has a hundred ninety metric linear unit of operational network consists of many lines That connecting east and west {delhi | Delhi | Old Metropolis | city | metropolis | urban center} and features connecting south and north of town.