NEW DELHI (Metro Rail News): Japan International Cooperation Agency (JICA) and Government of India on Friday signed ODA (Official Development Assistance) loans of worth INR 16,186 crores for 4 projects.
The project includes ODA loans for Delhi Metro and Bangalore Metro. For Delhi Metro, JICA will provide loan amounting to INR 8,390 crores for Phase-4. This loan amount will be used to fund 3 lines having total length of 65 km which are already approved by the Central Government under Phase-3. These lines are Magenta Line from Janakpuri West – R.K. Ashram (28.92 km) with 25 stations, Silver Line fromAerocity – Tughlakabad (23.6 km) with 15 stations and Pink Line fromMukundpur – Maujpur (12.58 km) with 8 stations.
For the Bangalore Metro, JICA will provide loan of amount INR 3,717 crores which will be utilize to fund Phase-2 which includes Line R6 (21.1 km) from Kalena Agrahara to Nagawara, Phase 2A (18.3 km) from Silk Board to K.R. Puram and Phase 2B (37.7 km) from K.R. Puram-Kempegowda International Airport Terminal.
These loans will allow DMRC and BMRCL invites multiple tenders for different civil and systems works for both metro systems.
According to JICA, loan worth INR 87000 approx. have been provided by the company for various metro projects in India such as Delhi, Mumbai, Ahmedabad, Bangalore etc.
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