Japan agreed to give financial assistance worth over Rs.10,500 crore to fund six infrastructure projects in India, which includes various phases of Metro rail projects in Delhi, Chennai and Kolkata. With this, the official development assistance (ODA) from Japan will cross Rs.1.55-lakh crore, making India the highest recipient of ODA from Japan. Japan has agreed to give Rs.1,648 crore to construct 121-km. of new rail lines in the National Capital Region under the second phase of the Delhi Metro rail project. Similarly, Japan will give over Rs.2,932 for Chennai Metro project with the objective to cope with the increase of traffic demand in Chennai metropolitan area by extending the mass rapid transportation system. Another Rs.1,146 crore will go towards Calcutta East-West Metro project phase II.

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Posted by mopeng at March 29, 2010 1:31 AM