Financial Daily from THE HINDU group of publications
Wednesday, Mar 30, 2005

Port Info

Group Sites

Industry & Economy - Infrastructure

Japan extends Rs 5,600-cr loan package for eight projects

Our Bureau

New Delhi , March 29

THE Japanese Government has extended a Rs 5,600-crore soft loan package for eight projects in the country, which include the ongoing Delhi Metro rail project, Bangalore water supply, Ganga Action Plan in Uttar Pradesh and a power project in Jharkhand.

With this package, India emerged as the top recipient of Japan's Official Development Assistance (ODA) for the second year in running, Mr Hidenao Yanagi, Minister-in-Charge of Economic Affairs in the Embassy of Japan, said here today.

Of the eight projects, Bangalore's water supply and sewerage project will get Rs 1,750 crore while the Delhi Metro will get Rs 800 crore as the sixth tranche of time-bound loan assistance extended by the Japanese Bank for International Cooperation (JBIC) for the Mass Rapid Transit System.

When it is completed by March 2006, the first phase of the Delhi Metro is expected to carry 2.26 million passengers daily, nearly the same volume that Tokyo metropolitan subway carries at present.

The package also includes an allocation of also extending Rs 663 crore for the 1,980-MW first phase of the North Karanpura Super Thermal Power project in Jharkhand.

The Karnataka Sustainable Forest Management and Bio-diversity Conservation Project will get Rs 634 crore while Tamil Nadu Afforestation Project will receive Rs 409 crore.

Japan is also extending Rs 481 crore for Rajasthan's Minor Irrigation Improvement project aimed at increasing farm output by stepping up irrigation and disseminating farming technology in rain-deficient areas.

The Ganga Action Plan project in Varanasi will get ODA loan worth Rs 466 crore.

The Uttar Pradesh Buddhist Circuit Development Project will get Rs 395 crore.

The assistance is intended to improve the tourism infrastructure in the Buddhist circuit, with an aim to generate more jobs and reduce poverty in the region.

The notes for the loan assistance were signed and exchanged here today by Japanese Ambassador, Mr Yasukuni Enoki, and Additional Secretary in Finance Ministry, Mr S.G. Mankad.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
ICICI, IndusInd launch NRI remittance products

Tata Motors, IOC join informally for bio-diesel pilot project
Bengal to set up mission on solid waste management
IDFC plans to launch second pvt equity fund
Hudco partners PGDL for infrastructure growth
Japan extends Rs 5,600-cr loan package for eight projects
ONGC's Tatipaka refinery on target
MRPL ties up with Ashok Leyland for retail outlets
Defensive buying keeps select pharma in green
Tata Power to partner DVC in Maithon project
Supplies to Kawas, Gandhar projects — NTPC to ink gas deal with Reliance Ind by next week
Druggists' fears over VAT baseless: AP Govt
Traders call for three-day bandh against VAT
Shipping industry in a tizzy over service tax
Metal traders to join 3-day VAT bandh
Ernakulam dist mops up record revenue
FAPCCI call for shutdown
Facility for tax-payers
VAT extended to UTs
IIM-B to persist with existing fee
Bill introduced for veterinary varsity at Tirupati
FDA turns to food products
Seeds Bill: A rich harvest for MNCs?
Stress on legal empowerment of the under-privileged
`India's USP is delivering lowest cost per innovation'
Assocham seeks social safety net
Industry-academia meet in Thiruvananthapuram
Trade fair from May 4
Wednesday lecture
Hotels on alert
Tsunami alert withdrawn in Kerala
Tsunami alert
Bid to promote Wayanad as tourism destination
I think he will continue the policies: Wolfensohn
A.K. Kaul is CII Delhi chief

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line