JICA Inks ₹22,627cr Loan Agreement for Mumbai-Ahmedabad Bullet Train
In a historic move, the Japan International Cooperation Agency (JICA) signs a loan agreement with the Indian government, committing a record 400 billion Japanese Yen (approximately ₹22,627 crore) as the fifth tranche for the Mumbai-Ahmedabad High-Speed Rail (MAHSR) project. This marks the largest commitment amount through a single project loan agreement in JICA's global history. JICA's support for the MAHSR project extends beyond financial aid, encompassing technical contributions, feasibility studies, design work, training programs, collaboration on station area development, and the deployment of Japanese Shinkansen experts. The goal is to develop a high-frequency mass transportation system using Japan's Shinkansen technology, enhancing mobility in India and contributing to regional economic development. Saito Mitsunori, Chief Representative, JICA India, expresses commitment to supporting the successful completion of the project and boosting mobility for regional economic development in India.