Signing of Japanese ODA Loan Agreements with India: Metro construction in two major cities to enhance economic activity and mitigate climate change through traffic congestion relief

［Goal 11］ Sustainable Cities and Communities
SDGs
［Goal 13］ Climate Action
SDGs

2024.06.14

On March 26th, 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 161,875 million yen for the following two projects.

  • (1)Mumbai Metro Line 3 Project (IV) (loan amount: 58,943 million yen)
  • (2)Delhi Mass Rapid Transport System Project (Phase 4) (II) (loan amount: 102,932 million yen)

Details for the loans are provided below.

(1) Mumbai Metro Line 3 Project (IV)

(a) Objective and Summary

The objective of the project is to cope with the increase in traffic demand in Mumbai by expanding the mass rapid transportation system, thereby promoting regional economic development and improving urban environment, through mitigation of traffic jams and decrease of pollution caused by increasing motor vehicles. The Project will contribute to the achievement of SDGs Goals 8 (Decent work and economic growth), 9 (Industry, innovation and infrastructure), 11 (Sustainable cities and communities), and 13 (Climate action).

(b) Executing Agency

Mumbai Metro Rail Corporation Limited
URL: https://mmrcl.com/en

(c) Planned Implementation Schedule

  • 1. Completion of project: October 2024 – when all facilities have commenced functioning.
  • 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) Delhi Mass Rapid Transport System Project (Phase 4) (II)

(a) Objective and Summary

The objective of the project is to cope with the increase of traffic demand in Delhi by expanding the mass rapid transportation system, thereby promoting regional economic development, improving urban environment and eventually mitigating climate change, through relief of traffic congestion and decrease of pollution caused by increasing motor vehicles. The Project will contribute to the achievement of SDGs Goals 8 (Decent work and economic growth), 9 (Industry, innovation and infrastructure), 11 (Sustainable cities and communities), and 13 (Climate action).

(b) Executing Agency

Delhi Metro Rail Corporation Limited
URL: https://www.delhimetrorail.com/

(c) Planned Implementation Schedule

  • 1. Completion of project: September 2026 – when rolling-stock-related procurement is completed.
  • 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.

Terms and Amounts of Loans

Project title Amount
(million yen)		 Annual interest rate (%) Repayment
period
(years)		 Grace
period
(years)		 Procurement
Project Consulting services
Mumbai Metro Line 3 Project (IV) 58,943 1.80 0.20 30 10 General Untied
Delhi Mass Rapid Transport System Project (Phase 4) (II) 102,932 TORF+90bp 0.20 30 10 General Untied

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