JICA signs new loan agreements amounting to ₹11,181 crore with India, ET Infra

NEW DELHI: Japan International Cooperation Agency (JICA) has signed six loan agreements amounting to ₹11,181 crore with Government of India in order to support sustainable development across various sectors.

The loan agreements include funding for additional corridors for the fourth phase of Delhi Metro network at ₹4,649 crores. The project involves construction of approximately 47 km of new metro corridors, including extensions of Line 1 and Line 5, and the development of a new Line 11.

“We will expand another 47 kilometers of metro network on the total 324 kilometer lines supported so far. Now after completion of this phase, maybe 60 per cent of people can access (Delhi Metro network) within 15 minutes of walking distance (daily).” said TAKEUCHI Takuro, Chief Representative of JICA in India in an interaction with ET Infra.

According to JICA, the project is expected to directly benefit about 400,000 daily commuters by 2031, while indirectly improving connectivity for over 17 million residents in the Delhi National Capital Region.

The agency which provides Official Development Assistance on behalf of the Japanese government has been the major financial and technical partner in the development of the Delhi Metro network since its inception.

The other loan agreements include ₹3,065 crores for construction of seawater desalination plant in Channai, ₹2,106 crores for phase 3 of Tamil Nadu Investment Promotion Program, ₹669 crores for Punjab Biodiversity and Natural Resources Conservation Project, ₹483 crores for supporting capacity enhancement for effective forest management under the Ministry of Environment, Forest and Climate Change and ₹209 crores for Assam’s State Aquaculture Promotion and Livelihood Improvement Project.

• Published On Mar 27, 2025 at 07:22 PM IST

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