New Delhi [India], March 26 (ANI): The Japan International Cooperation Agency (JICA) on Friday signed agreements with the Indian government for official development assistance (ODA) loans worth Rs 16,186 crore for four projects .
“The projects initiated this time contribute to a vital area of development in India and to a quality infrastructure to achieve the Sustainable Development Goals (SDGs), which are directly linked to improving people’s lives,” said the Chief Representative of JICA, Katsuo Matsumoto.
For the development of the fourth phase of the Delhi Mass Rapid Transport System (DMRTS) project, JICA provided an ODA loan of Rs 8,390 crore.
The loan will be applied to three priority corridors comprising the extension of line 7 (Mukundpur-Maujpur 12.5 km), line 8 (Janakpuri West-R K Ashram / 28.9 km) and a new corridor extending between Aerocity and Tughlakabad (23.6 km).
A loan of Rs 3,272 crore was provided to support the Rajasthan Rural Water Supply and Fluorosis Mitigation Project (Phase Two) in Jhunjhunu and Barmer Districts to provide water. safe, clean and sustainable drinking water to the population and to combat water-borne diseases in the regions. .
In Bengaluru, a loan of Rs 3,717 crore was granted for the development of the second phase of R6, 2A and 2B of Bangalore Metro Rail Corporation Ltd (BMRCL). The project is expected to meet the growing demand for automobile traffic, reduce congestion, road accidents and lead to a modal shift from personalized vehicles to the public transport system.
A loan of Rs 807 crore has been provided to support Himachal Pradesh Crop Diversification Promotion Project (phase two) which aims to disseminate a successful model of crop diversification and increase the vegetable growing area of 2,500 hectares in 2020 to 7,000 hectares in 2031.
The project will extend coverage to 12 districts of Himachal Pradesh with different agro-ecological characteristics. (ANI)