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Japan commits Rs10,535 cr towards six infra projects in India

Japan commits Rs10,535 cr towards six infra projects in India
PTI
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First Published: Mon, Mar 29 2010. 01 22 PM IST
Updated: Mon, Mar 29 2010. 01 22 PM IST
New Delhi: Japan committed ¥215 billion (Rs10,535 crore) on 29 March for six infrastructure projects in India, including Phase II of the Mass Rapid Transport System (MRTS) for Delhi.
An Agreement to this effect was signed between Finance Ministry officials and the Japanese Ambassador to India Hideaki Domichi.
The committed ¥215 billion would flow into the country in the next fiscal (2010-11) and the year beyond.
With this agreement, official development assistance from Japan will touch ¥3,116.81 billion (Rs1,55,840 crore), making India the highest recipient of such assistance from the Far East country.
The agreement allocates ¥30.54 billion (Rs1,648 crore) for the second phase of DMRTS.
In addition, ¥23.4 billion (Rs1,146 crore) will go towards Calcutta East-West Metro Project Phase II, ¥59.85 billion (Rs2,932.6 crore) for Chennai Metro Project Phase II and ¥90.3 billion (Rs4,422 crore) for the first phase of a dedicated Freight Corridor Project of Railways.
Besides, three billion yen (Rs150 crore) would be given for Rengali irrigation project in Orissa and ¥5.3 billion (Rs263.8 crore) for a forestry project in Sikkim.
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First Published: Mon, Mar 29 2010. 01 22 PM IST