JICA keen on funding loan for bullet train

  • | Thursday | 12th July, 2018

We are currently negotiating terms of JICA finance with the government." The JICA hoped that the present issues are addressed so that the bullet train project will be completed by 2023. He informed that JICA had provided first loan to India in 1958 and in the past 60 years has provided finance to 250 infrastructure projects. ''In 2017-18, JICA has provided finance worth $4 billion to various projects including metro rail in Delhi, Kolkata, Chennai, Bengaluru and Gujarat and Mumbai. Notwithstanding the opposition for the Rs 1,00,000-crore Mumbai-Ahmedabad bullet train from farmers and now from Godrej Group against land acquisition, the Japan International Cooperation Agency (JICA) is bullish over funding the project.

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