Bengaluru: Japan International Cooperation Agency to provide Rs 3,717 crore loan for Namma Metro | Bengaluru News – Times of India

BENGALURU: Japan International Cooperation Agency (JICA) on Friday signed a loan agreement with the Centre to provide Japanese loan amounting to JPY 52,036 million (approximately Rs 3,717 crore) for the development of Namma Metro’s Phase 2 (R6, 2A and 2B).
The 80-km rail network (funded by JICA) for Phase 2 covers line R6 (22km from Nagawara – Gottigere), 2A (20km from Silk Board – KR Puram) and 2B (38km from KR Puram–Kempegowda International Airport terminal).
The Japanese Official Development Assistance (ODA) loan agreement was signed between CS Mohapatra, additional secretary, department of economic affairs, Union ministry of finance and Katsuo Matsumoto, chief representative, JICA India.
“JICA has been promoting the development of quality infrastructure in Bengaluru, which facilitates sustained growth, and has been working for India and Japan’s robust bond. Bengaluru stands second in CO2 emissions, followed by Delhi in 2015 and the project is expected to contribute to an estimated annual reduction of 89,952 tonnes of CO2 greenhouse gas emissions by 2031. We look forward to the Namma Metro rail project growing into a punctual, safe, comfortable and eco-friendly travel mode…,” said Matsumoto.

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Sagar Biswas

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