Japan offers Rs. 5,536 crore loan assistance for Chennai and Ahmedabad

    Japan offers Rs. 5,536 crore loan assistance for Chennai and Ahmedabad

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    Chennai MetroIndia and Japan exchanged notes for Japan’s Official Development Loan Assistance (ODA) worth Rs 5,536 crore for Chennai and Ahmedabad metro rail projects. The notes were exchanged here between S Selvakumar, Joint Secretary, Department of Economic Affairs and Yutaka Kikuta, from the Embassy of Japan to India.  The Japanese government of Japan has committed Official Development Assistance (ODA) loan of an amount of about Rs 1,080 crore for the Chennai Metro Rail Project (IV phase) and Rs 4,456 crore for Ahmedabad Metro Project.  India and Japan have had mutually beneficial economic development cooperation since 1958.

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