Fluid Controls InnoTrans 2024 PromotionFluid Controls InnoTrans 2024 Promotion
APL APOLLO Steel Pipes - Powering the Future of Indian Railways
32.1 C
Delhi
Tuesday, July 23, 2024
Fluid Controls InnoTrans 2024 PromotionFluid Controls InnoTrans 2024 PromotionFluid Controls InnoTrans 2024 Promotion
APL APOLLO Steel Pipes - Powering the Future of Indian RailwaysAPL APOLLO Steel Pipes - Powering the Future of Indian RailwaysAPL APOLLO Steel Pipes - Powering the Future of Indian RailwaysAPL APOLLO Steel Pipes - Powering the Future of Indian Railways

Chennai Metro | CMRL gets Rs 1180crore loan from Japanese Agency JICA

Date:

Share post:

Chennai: Japan International Cooperation Agency (JICA) on Friday provided a loan of Rs 1,180 crore to Chennai Metro Rail Ltd (CMRL). An agreement was signed in this regard between JICA India Office and the ministry of finance.

The official development assistance (ODA) loan has been provided at 1.4% interest rate and 30 years of repayment period, including 10 years of grace period. The assistance from JICA will facilitate construction of underground tunnels, rail-tracks, electrical, telecommunication and signaling systems, procurement of the trains and consultancy service.

JICA had earlier provided approximately Rs 7,697 crore in concessional ODA loans over three tranches since 2008 for development of the 45 km metro rail system in Chennai. With the loan sanction on Friday, the cumulative loan amount for Chennai Metro Project becomes approximately Rs 8,877 crore.

JICA has provided a total amount approximately Rs 59,071 crore as loan for metro projects in India, including Delhi, Bengaluru, Kolkata, Mumbai and Ahmedabad.
Narendra Shah
Narendra Shahhttps://www.metrorailnews.in
Founder and Managing Editor at Metro Rail News - A Symbroj Media Pvt Ltd. Playing Key role in editorial activities & operation.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

spot_img

Related articles

RRTS Corridor: Hon’ble Minister Shri Tokhan Sahu Visits Sahibabad-Duhai Section

Delhi-Meerut RRTS Corridor  India’s first Regional Rapid Transit System (RRTS) project is advancing at a rapid pace. Recently, the...

Bhubaneswar Metro: DMRC Invites Bids to Procure 39 Rolling Stock for Line 1

Traction for Rolling StockFeatures of Bhubaneswar MetroKey Points about the ContractThe delivery schedule for the train sets is...

Indian Railway Stations Reimagined: Blending Tradition with Modern Amenities

IntroductionAmrit Bharat Station SchemeMajor Station Development Projects of Indian RailwaysRani Kamlapati Railway Station (Bhopal)Gandhinagar Capital Railway Station (Gujarat)Ayodhya...

Noida Metro: 10 Major Achievements Under Dr Lokesh M.’s First Year as MD

Introduction of Dynamic QR code facility in ToM (Ticket Counter) of NMRC: - Noida Metro's Increased Non-Fare Box Revenue...