India and Japan sign Loan Agreement for Construction of Mumbai-Ahmedabad High Speed Rail Project

India and Japan sign Loan Agreement for Construction of Mumbai-Ahmedabad High Speed Rail Project

India and Japan sign Loan Agreement for Construction of Mumbai-Ahmedabad High Speed Rail Project

India and Japan sign Loan Agreement for Construction of Mumbai-Ahmedabad High Speed Rail Project and Kolkata East West Metro Project  with Japan International Cooperation Agency (JICA)
 

Japanese Official Development Assistance loan for Construction of Mumbai-Ahmedabad High Speed Rail Project  of Yen 89.457 billion (Rs.5591 crore approx.) and Kolkata East-West Metro Project of Yen 25.903 billion (Rs.1619 crore approx.).

The objective of the Mumbai-Ahmedabad High Speed Rail Project is to develop mass and high frequent transportation system by constructing high speed rail between Mumbai and Ahmedabad with the use of Japanese high speed rail technologies, thereby improving the connectivity in India.
 

Also See:- NITI Aayog and United Nations in India sign Sustainable Development Framework for 2018-2022

The objective of the Kolkata East West Metro Project is to cope with the increase in traffic demand in Kolkata metropolitan area by extending the mass rapid transit system and improving urban environment through mitigation of traffic jams and decrease of pollution caused by increasing motor vehicles.