New Delhi | The Indian governments on Friday received a major boost to its high-speed rail project as it signed two loan agreements with Japan.
According to an official, India has signed two loan agreements with Japan for construction of a Metro project in Kolkata and a high-speed rail project between Mumbai and Ahmedabad said an official. The agreements stated that the Japan International Cooperation Agency would provide a loan worth Rs. 5,591 crore for construction of Mumbai-Ahmedabad high-speed rail project and another worth Rs. 1,619 crore for Kolkata East-West Metro project.
As per the official statement, “This further consolidates and strengthens the strategic and global partnership between India and Japan.”
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