Indian Rail Projects Aided by Japanese Loan

31 March 2010 (Last Updated March 31st, 2010 18:30)

Six Indian rail projects will receive Rs10,500 crore ($2bn) in loan assistance from Japan, according to business-standard.com. The Delhi mass rapid transport system project (DMRTS) is expected to receive Rs1,648.36 crore ($366m) from Japan's Official Development Assistance (ODA).

Six Indian rail projects will receive Rs10,500 crore ($2bn) in loan assistance from Japan, according to business-standard.com.

The Delhi mass rapid transport system project (DMRTS) is expected to receive Rs1,648.36 crore ($366m) from Japan's Official Development Assistance (ODA).

Japan has committed almost ¥162.751bn ($1.7bn) to phase I of the DMRTS project and 55% of ¥388.670bn ($4bn) to phase II.

The Japanese Government has agreed to give ¥21.751bn
($234m) for phase I and ¥59.851bn ($645m) for phase II of the Chennai Metro Project.

The Chennai project will also receive Rs4,422.83 crore ($982m) from the ODA.

The ODA loan of ¥92.868 ($1bn) for the Dedicated Freight Corridor Project will constitute 19% of its appraised cost.