2026.03.25
On March 24, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Government of the Republic of India in the capital city New Delhi, to provide Japanese ODA loan for the following 4 projects. The signatures were exchanged between Joint Secretary Alok Tiwari, Department of Economic Affairs, Ministry of Finance Government of the Republic of India and Chief Representative Takeuchi Takuro of JICA India.
Signing ceremony
These projects aim to improve the business and living environment in India’s urban areas where many Japanese companies have established a presence, through the development of metro systems that ensure high visibility of Japan’s assistance. Additionally, the projects aim to foster mutual development for both India and Japan in the agriculture and healthcare sectors through collaboration with Japanese companies, as well as educational and research institutions.
Terms and Amount of Loan
- Country
(Target Areas)
Republic of India (State of Punjab)
- Project Objective
The objective of the Project is to promote sustainable horticulture and improve farmer’s income by diversifying into high-value horticultural crops, and infrastructure development for stronger value chain, and capacity development, thereby contributing to environmental conservation and sustainable socio-economic development in Punjab.
- Project Component
a) Development of Climate Resilient and Environmentally Sustainable Horticulture Value Chain
b) Advancement of Technology and Promotion of Sustainability within the Horticulture Value Chain (pilot activities by private companies, joint research with academic institutions, and the establishment and operation of a data sharing platform)
c) Support for Institutional Development of the Horticulture Sector in the State
d) Consulting services (detailed design support, construction supervision, organizational strengthening support etc.）
- Maximum Loan Amount
18,684 million Japanese Yen
- Annual
Interest Rate
Project: 2.90%, Consulting Services: 0.80%
- Repayment Period
30 Years
- Grace Period
10 Years
- Procurement
General Untied
- Executing Agency
Department of Horticulture, Punjab
- Contribution to SDGs
Goal 1 (No Poverty)
Goal 2 (Zero Hunger)
Goal 8 (Decent Work and Economic Growth)
Goal 13 (Climate Action)
-
Planned Implementation Schedule
1. Completion of the Project: March 2034 (upon completion of all activities)
2. Issuing of letters of invitation for consulting services (including detailed design work): May 2026
3. Tendering of announcement of initial procurement package for international competitive bidding on project construction: International competitive bidding is not planned in this project.
Terms and Amount of Loan
- Country
(Target Areas)
Republic of India (Bengaluru Metropolitan Region, State of Karnataka)
- Project Objective
The objective of the Project is to cope with the increase of traffic demand in Bengaluru Metropolitan Region, 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.
- Project Component
a) Civil and architectural works
b) Procurement of trackwork and turnouts
c) Electrical and mechanical works for stations, rolling stock depots, substations, etc.
d) Automatic fare collection system
e) Signaling and train control system
f) Communication system
g) Rolling stock
h) Construction of rolling stock depots
i) Consulting services (design review, bidding assistance, construction supervision, etc.)
Among these, the portions to be financed by the Japanese ODA loan are part of items a), c), and g), as well as items b), d) through f), and i).
- Maximum Loan Amount
102,480 million Japanese Yen
- Annual
Interest Rate
Project: TORF+80bp, Consulting Services: 0.80%
- Repayment Period
30 Years
- Grace Period
10 Years
- Procurement
General Untied
- Executing Agency
Bangalore Metro Rail Corporation Limited
- Contribution to SDGs
Goal 8（Decent work and economic growth）
Goal 9（Industry, innovation and infrastructure）
Goal 11（Sustainable cities and communities）
Goal 13（Climate action）
-
Planned Implementation Schedule
1. Completion of the Project: January 2032 (upon commission of all facilities)
2. Issuing of letters of invitation for consulting services (including detailed design work): April 2026
3. Tendering of announcement of initial procurement package for international competitive bidding on project construction:
Package for Civil Works for Viaduct Portion
Release date: May 2026
Terms and Amount of Loan
- Country
(Target Areas)
Republic of India (State of Maharashtra)
- Project Objective
The objective of the Project is to improve access and quality of medical care in the state of Maharashtra by strengthening the healthcare system through the construction of tertiary care facilities, college hospitals, medical colleges, and nursing schools, thereby contributing to the promotion of Universal Health Coverage (UHC) in India.
- Project Component
a) Construction and expansion of four medical colleges and affiliated hospitals, and ten nursing schools, as well as the procurement of medical equipment.
b) Capacity development for executing agencies such as training, joint research, and improvement of instructors’ teaching capabilities.
c) Consulting services (detailed design, bidding assistance, construction supervision, environmental and social consideration support)
- Maximum Loan Amount
62, 294 million Japanese Yen
- Annual
Interest Rate
Project: 2.7%, Consulting Services: 0.8%
- Repayment Period
30 Years
- Grace Period
10 Years
- Procurement
General Untied
- Executing Agency
Government of Maharashtra, Medical Education and Drugs Department
- Contribution to SDGs
Goal 3 (Good health and well-being)
-
Planned Implementation Schedule
1. Completion of the Project: September 2032 (upon commission of all facilities)
2. Issuing of letters of invitation for consulting services (including detailed design work): March 2026
3. Tendering of announcement of initial procurement package for international competitive bidding on project construction:
Package for Construction Works
Release date: March 2028
Terms and Amount of Loan
- Country
(Target Areas)
Republic of India (Mumbai Metropolitan Region, State of Maharashtra)
- Project Objective
The Project aims to construct a mass rapid transit system in the Mumbai Metropolitan Region (MMR), the capital region of Maharashtra State, in order to meet increasing transport demand. By alleviating traffic congestion and reducing vehicle‑related pollution, the Project is expected to contribute to regional economic development, urban environmental improvement, and ultimately climate change mitigation.
- Project Component
a) Civil and building works
b) Trackwork and procurement
c) Electrical and mechanical works
d) Signaling and telecommunications systems
e) Automatic fare collection system
f) Installation of ventilation systems for underground sections
g) Installation of elevators and escalators
h) Rolling stock procurement
i) Other works (construction of a maintenance depot, procurement of safety equipment for stations)
j) Consulting Services (design review, tender assistance, construction supervision)
- Maximum Loan Amount
92,400 million Japanese Yen
- Annual
Interest Rate
Project: TORF+80bp, Consulting Services: 0.80%
- Repayment Period
30 Years
- Grace Period
10 Years
- Procurement
General Untied
- Executing Agency
Mumbai Metro Rail Corporation Limited (MMRC)
- Contribution to SDGs
Goal 8（Decent work and economic growth）
Goal 9（Industry, innovation and infrastructure）
Goal 11（Sustainable cities and communities）
Goal 13（Climate action）
-
Planned Implementation Schedule
1. Completion of the Project: August 2032 (upon completion of all facilities)
2. Issuing of letters of invitation for consulting services (including detailed design work): June 2026
3. Tendering of announcement of initial procurement package for international competitive bidding on project construction:
Package for Civil Works for Underground
Release date: September 2026
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