India, Japan sign loan agreements for Metro, rail projects

By Sarkaritel September 29, 2018 08:02

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New Delhi, Sep 29 India on Friday signed two loan agreements with Japan for construction of a Metro project in Kolkata and a high-speed rail project between Mumbai and Ahmedabad, said an official.

As per the agreements, the Japan International Cooperation Agency would provide a loan worth Rs 5,591 crore for construction of Mumbai-Ahmedabad high-speed rail project and another worth Rs 1,619 crore for Kolkata East-West Metro project.

“This further consolidates and strengthens the strategic and global partnership between India and Japan,” an official statement said.