Japan to Provide Loan for 9 Indian Projects

  • Japan has committed an Official Development Assistance loan of JPY 232.209 billion for nine projects in India. 
  • The loans are for the North East Road Network Connectivity Improvement Project (Phase 3): Dhubri-Phulbari bridge (JPY 34.54 billion),
  • The North East Road Network Connectivity Improvement Project (Phase 7): NH 127B (Phulbari-Goeragre section) (JPY 15.56 billion),
  • The Project for Promoting Start-up and Innovation in Telangana (JPY 23.7 billion),
  • The Construction of Chennai Peripheral Ring Road (Phase 2) (JPY 49.85 billion), 
  • The Project for Promoting Sustainable Horticulture in Haryana (Tranche I) (JPY 16.21 billion), the Project for Climate Change Response and Ecosystem Services Enhancement in Rajasthan (JPY 26.13 billion), 
  • The Establishment of the Medical College Hospital at Nagaland Institute of Medical Sciences and Research, Kohima (JPY 10 billion),
  • The Improvement of the Urban Water Supply System in Uttarakhand (JPY 16.21 billion), and the Dedicated Freight Corridor Project (Phase 1) (Tranche V) (JPY 40 billion). 
  • The exchange of notes for these projects aims to strengthen the Strategic and Global Partnership between India and Japan.
Posted in Current Affairs.