A loan agreement is signed up between Indian Government and The Japan International Cooperation Agency (JICA), a Japan based funding agency for getting a soft loans up to a total of 1,99,035 million yen (about Rs 11,400 crore).
The total loan will be provided for 3 major projects in India. Out of total loan 1,36,119 million yen (68%) is sanctioned for the set up of a dedicated rail freight corridor connecting Delhi and Mumbai. The project is project has been awarded to the Ministry of Railways and the Dedicated Freight Corridor Corporation of India Ltd.
24% of total load amounting to 48,691 million yen will be distributed for the Chennai’s metro rail project. The remaining portion of the total loan amounting to 14,225 million yen will be sanctioned for the Piped Water Supply Project in Purulia district of West Bengal to arrange water supply facilities for allocating secure and sufficient drinking water to the residents of the area.
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The total loan will be provided for 3 major projects in India. Out of total loan 1,36,119 million yen (68%) is sanctioned for the set up of a dedicated rail freight corridor connecting Delhi and Mumbai. The project is project has been awarded to the Ministry of Railways and the Dedicated Freight Corridor Corporation of India Ltd.
24% of total load amounting to 48,691 million yen will be distributed for the Chennai’s metro rail project. The remaining portion of the total loan amounting to 14,225 million yen will be sanctioned for the Piped Water Supply Project in Purulia district of West Bengal to arrange water supply facilities for allocating secure and sufficient drinking water to the residents of the area.
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