JICA extends Rs 3,717 crore loan for developing Metro Phase 2 in Bengaluru – News 24-7 Live News 24-7 Live
JICA extends Rs 3,717 crore loan for developing Metro Phase 2 in Bengaluru

JICA extends Rs 3,717 crore loan for developing Metro Phase 2 in Bengaluru

The 80 km rail network (funded by JICA) for Phase 2, covers Line R6 (Nagawara Gottigere, approx. 22.0 km), Phase 2A (Silk Board K R.Puram, approx.20.0 km) and Phase 2B (K R. Puram Kempegowda International Airport Terminal, approx.38. 0 km).

Japan International Cooperation Agency (JICA) has signed an agreement with the Government of India, to provide Japanese (ODA) loan amounting to Japanese Yen 52,036 million(approximately Rs 3,717 Crore) for the development of Phase 2 of ‘R6, 2A and 2B’ of Bangalore Metro Rail Corporation Limited (BMRCL)in Bengaluru.

In March 2006, the first Japanese ODA loan agreement was signed by JICA for BMRCL Phase 1.

Phase 1 has an operational rail network of 42.3 Km (East-West line 18.1 Km and North-South line -24.2 Km) with 41 stations.

The ridership under Phase 1 is expected to increase from the present 0.45 million in 2020 to 4.0 million when Phase 2 begins to operate, a JICA statement said on Friday.

The 80 km rail network (funded by JICA) for Phase 2, covers Line R6 (Nagawara Gottigere, approx. 22.0 km), Phase 2A (Silk Board K R.Puram, approx.20.0 km) and Phase 2B (K R. Puram Kempegowda International Airport Terminal, approx.38. 0 km).

JICA has been supporting in the development of major metro projects in the country by providing funds and expertise, it said.

News Source:- Economic Times

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