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India, Japan sign loan agreements for Metro, rail projects

India, Japan sign loan agreements for Metro, rail projectsNew Delhi, Sep 28 (IANS) India on Friday 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.

As per the agreements, 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.

"This further consolidates and strengthens the strategic and global partnership between India and Japan," an official statement said.

 

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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India, Japan sign loan agreements for Metro, rail projects

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