JICA extends an ODA loan of INR 22,627 crores for the Mumbai-Ahmedabad High Speed Rail Project (V)

New Delhi, December 21, 2023: Japan International Cooperation Agency (JICA) has signed a loan agreement with the Government of India to provide an Official Development Assistance (ODA) loan of 400 billion Japanese Yen (approx. INR 22,627 Crore) as tranche five for the ‘Project for the Construction of Mumbai-Ahmedabad High-Speed Rail (MAHSR).’ It is the largest commitment amount through a single project loan agreement in the history of JICA, across the globe.

JICA has been supporting the MAHSR project by providing ODA loans with the cumulative commitment amount of JPY 1 trillion and 50 billion (INR 59,396 crore) since 2017. Extending beyond financial aid, this assistance includes a range of technical contributions, such as feasibility studies, fundamental and intricate design work, training programmes in Japan, collaboration on station area development, and the deployment of Japanese Shinkansen experts to work alongside the executing agency, the National High-Speed Rail Corporation Limited (NHSRCL).

The objective of the project is to develop a high-frequency mass transportation system by constructing the High-Speed Rail between Mumbai and Ahmedabad, using Japan's Shinkansen technology (also known as the "Bullet Train"), thereby enhancing mobility in India and contributing to regional economic development.

Speaking on this occasion, Mr. SAITO Mitsunori, Chief Representative, JICA India said, "I am happy to witness great progress in the MAHSR project. As we mark the signing of the latest loan agreement, we are once again reminded to renew our commitment to support the NHSRCL and various stakeholders towards achieving the goal of the successful completion of the project. JICA continues to remain committed to bolstering mobility and supporting the regional economic development in India.”

About JICA

Established by law, as an incorporated administrative institution under the Government of Japan, the Japan International Cooperation Agency (JICA) aims to contribute to the promotion of international cooperation, as the sole Japanese governmental agency in charge of ODA implementation. JICA is the world's largest bilateral donor agency and works as a bridge between Japan and emerging countries, providing assistance in the form of loans, grants, and technical cooperation, to enable the emerging countries to strengthen their capabilities.

JICA India Office Web: https://www.jica.go.jp/india/english/index.html
JICA India Brochure:
https://www.jica.go.jp/Resource/india/english/office/others/c8h0vm00004cesxi-att/brochure_27.pdf
JICA Facebook Page: https://www.facebook.com/jicaindiapr/

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