The Government of India and the Japan International Cooperation Agency (JICA) have signed a loan agreement to finance a high-speed rail line connecting Ahmedabad to Mumbai in India.
According to the agreement, JICA will provide JPY100 billion (US$740.6 million) as official development assistance (ODA) with a repayment period of 50 years for the construction of the HSR line.
The loan will be used to finance construction works for a 508 km high-speed railway line between Mumbai, Maharastra and Ahmedabad, Gujarat. Once complete, it will improve the efficiency of the transportation network and contribute to broad economic development.
Country updates
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July 25, 2022
NIIF acquires stake in Navayuga Quazigund Expressway in Jammu and Kashmir
National Investment and Infrastructure Fund Limited (NIIFL), through the NIIF Master Fund, has announced the acquisition of an equity stake in the Navayuga Quazigund Expressway Private Limited (N...
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CDPQ to acquire further 10% stake in Apraava Energy from CLP Group
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NH-17 Goa/Karnataka Border - Kundapur Project Reaches 92.42% Completion Mark
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EPC contract awarded for Ganga Expressway PPP project in Uttar Pradesh
HG Infra Engineering has won a contract for the development of a 151.7 km six-lane section in the Ganga Expressway PPP project in Uttar Pradesh, India. HG Infra Engineering will be responsible f...
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June 16, 2022
Proposal approved for Dholera International Airport PPP project
The Cabinet Committee on Economic Affairs (CCEA) of India has approved a proposal for Dholera International Airport located in Gujarat, India. The airport will be located approximately 80 km from Ahm...
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