Japan to provide loan worth Rs 5,536 cr for metro projects

• Indian and Japan today exchanged notes for the approval of Official Development Loan Assistance (ODA) worth Rs 5,536 crore for Chennai and Ahmedabad rail metro projects.
• The Japanese government of Japan has committed Official Development Assistance (ODA) loan of an amount of about Rs 1,080 crore for the Chennai Metro Rail Project (IV phase) and Rs 4,456 crore for Ahmedabad Metro Project.
• Although India and Japan share a healthy relationship since past but with general political consensus and popular support for the greater cooperation between India and Japan, this partnership is poised for a great future.

Source: Business Standard