Signing of Japanese ODA Loan Agreements with India: Contributing to both social development and economic growth as a good partner of India

［Goal 3］ Good Health and Well-Being
SDGs
［Goal 9］ Industry, Innovation and Infrastructure
SDGs
［Goal 11］ Sustainable Cities and Communities
SDGs

2023.12.22

On December 21, the Japan International Cooperation Agency (JICA) signed loan agreements with the Government of the Republic of India in Delhi to provide Japanese ODA loans of up to a total of 415,301 million yen for the following two projects.

signing ceremony

signing ceremony



(1) Project for the Construction of Mumbai-Ahmedabad High Speed Rail (V) (loan amount: 400,000 million yen)

(2) Program for Japan-India Cooperative Actions towards Sustainable Development Goals in India （Phase 2） (loan amount: 15,301 million yen)

Details for the loan are provided below.

(1) Project for the Construction of Mumbai-Ahmedabad High Speed Rail (V)

(a) Objective and Summary

The objective of the project is to develop a mass and high-frequent transportation system by constructing a high-speed rail in the style of Japan’s Shinkansen along an approximately 500-km section between Mumbai in Maharashtra and Ahmedabad in Gujarat. The project will improve the efficiency of the transportation network in the region and contribute to the broad economic development of the target area, thereby also contributing to the achievement of SDGs (Sustainable Development Goals) Goals 8 (Decent work and economic growth), 9 (Industry, innovation and infrastructure), 11 (Sustainable cities and communities), and 13 (Climate action).

(b) Executing Agency

National High Speed Rail Corporation Limited
Address: 2nd FLOOR, ASIA BHAWAN, Road NO-205, Dwarka Sector 9, New Delhi, Delhi 110077
Phone: +91-11-2807-0000/01/02/03/04、Fax: +91-11-2807-0150

(c) Planned Implementation Schedule

  • 1 . Completion of project: timing of the opening is under discussion between the Government of India and the Government of Japan.
  • 2 . Issuing of letters of invitation for consulting services (including construction supervision): already hired.
  • 3 . Tendering of announcement of initial procurement package for international competitive bidding on project construction: already contracted.

(2) Program for Japan-India Cooperative Actions towards Sustainable Development Goals in India （Phase 2）

(a) Objective and Summary

The objective of the Program is to contribute to the promotion of the SDGs in India, especially in the field of social development. It will do so by supporting the efforts of the Government of India to strengthen policy frameworks and implementation mechanisms related to the SDGs, thereby assisting India in achieving these goals by 2030.

(b) Executing Agency

NITI Aayog
Address: NITI Aayog, Sansad Marg, New Delhi, India
Phone/FAX: 011-2309-6574（NITI Aayog CEO’s Chamber）

(c) Planned Implementation Schedule

  • 1 . Completion of project: March, 2026 – when the disbursement is completed.
  • 2 . Issuing of letters of invitation for consulting services (including construction supervision): the program will not implement consulting services.
  • 3 . Tendering of announcement of initial procurement package for international competitive bidding on project construction: the program will not conduct bidding for construction works.

Terms and Amounts of Loans

Project title Amount
(million yen)		 Annual interest rate (%) Repayment
period
(years)		 Grace
period
(years)		 Procurement
Project Consulting services
Project for the Construction of Mumbai-Ahmedabad High Speed Rail (V) 400,000 0.1 0.1 50 15 Tied
Program for Japan-India Cooperative Actions towards Sustainable Development Goals in India （Phase 2） 15,301 2.10 - 30 10 Un-tied

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