ANNOUNCEMENT 15 Sep 2015

On September 15, 2017, the Japanese International Cooperation Agency signed a loan agreement with the Government of India. 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

インド向け円借款貸付契約の調印:新しい時代の扉を開く人づくり、ものづくり、国づくりを支援
ODA loan agreement with India: For supporting human resource development, manufacturing, and nation-building
https://www.jica.go.jp/press/2017/20170915_01.html

Inception date: 15 Sep 2017 | Removal date: open ended

Trade finance

On September 15, 2017, the Japanese International Cooperation Agency (JICA) signed an ODA loan agreement for 4 projects at 144.254 billion yen (1.3 billion USD) with the Government of India. As agreed upon in the loan agreement, the loan for the new railway will be developed and consulted by Japanese high-speed railroad developers. 

The four projects are as follows...
(1) High-speed railway training facility construction project between Mumbai and Ahmedabad (loan amount: 94 million USD)
(2) Cargo exclusive railway construction project ( incl. electric locomotive procurement) (loan amount: 978 million USD)
(3) Gujarat State Investment Promotion Program (loan amount: 151 million USD)
(4) Alan and Soshiya district of Gujarat Ship Recycling Environmental Management Improvement Project ( loan amount: 76 million USD)
 
With this loan in place, the Japanese will provide the human resources and know-how of the Shinkansen to develop a high-speed rail line for the Indian government connecting the Delhi Metropolitan Area to Mumbai and the Midwest Gujarat Province. 
 
Special Terms for Economic Partnership (STEP)
A stipulation in JICA ODA loan agreements is the utilization of advanced Japanese technologies and the employment of Japanese firms in overseas projects.

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