September 28, 2018
New Delhi, September 28, 2018: Japan International Cooperation Agency (JICA) signed an agreement with the Government of India to provide Official Development Assistance Loan (ODA) of 25,903 million Japanese Yen (approx. INR 1,600 Crore) for building an metro rail system between Howrah Maiden to Salt Lake Sector V, including an underwater section, as a part of the ‘Kolkata East-West Metro Project (III)'.
The objective of the Project is to mitigate traffic congestion, reduce air pollution, minimize road accidents and make travel smoother for the people in Kolkata. The Project will connect Howrah Maiden to Salt Lake Sector V through Esplanade and provide an improved access to the public from the west gateway area to the central business district as well as the residential-cum-institutional complex areas.
The ODA loan agreement was signed between Dr. C.S. Mohapatra, Additional Secretary, Department of Economic Affairs (DEA), Ministry of Finance, Government of India and Mr. Katsuo Matsumoto, Chief Representative, JICA India.
Speaking on the occasion, Mr. Katsuo Matsumoto, Chief Representative, JICA India said, "JICA is pleased to finance metro system in Kolkata. Kolkata will be the first city to have an underwater section in its metro which will help connect both sides of the river-divided city, responding to the growing traffic demands. The metro line will cover the central business district area and residential cum institutional complex area of Kolkata thereby bringing ease of commuting. Kolkata is an old city with only 5.4% road volume and non-road based Mass Rapid Transit System (MRTS) system is best suited. JICA's cooperation will lead to the modal shift from road traffic to public transport system and will eventually lead to balanced regional development and improvement of environmental conditions."
The Executing Agency for the Project is Kolkata Metro Rail Corporation Limited (KMRCL).
The Kolkata Metropolitan area spans across 1,854 km2. It is a large economic hinterland with a population of 16 million people. With the development of Salt Lake City and New Town, the population of Kolkata is increasing significantly, and the increased congestion on the roads has become evident. The Project envisages building of an efficient transportation system for city, catering to the growing population.
Mr. M. P. Singh, Chief Development Specialist, JICA India added "It is heartening to note that Kolkata East-West Metro Corridor Project has been selected by Institution of Civil Engineers, United Kingdoms as one of the 200 projects across the globe which create significant impacts in making people lives better."
The Project involves an ambitious tunnel crossing below river Ganges in between Howrah and Mahakaran Stations which is the 1st transportation tunnel in India under any mighty river. The elevated portion is planned with the construction of piers mainly on the median of the road, while the underground section is planned with shield tunneling method by using tunnel boring machines and stations by ‘cut & cover' method.
With signing of this 3rd loan agreement for Kolkata Metro Project, the cumulative loan amount provided by JICA for Metro projects in India (including Delhi, Bengaluru, Kolkata, Mumbai, Chennai and Ahmedabad Metro) exceeds 1.2 trillion Japanese Yen (approx. INR 73,710 crore). Since 1983, JICA has extended ODA loans amounting to 296,376 million Japanese Yen (approx. INR 18,200 crore) for projects in West Bengal across various sectors.
Depots for overnight parking of cars
Under construction - Salt Lake station
L-R: Mr. Katsuo Matsumoto, Chief Representative, JICA India with Dr. C. S. Mohapatra, Additional Secretary, DEA during the L/A Signing ceremony.
Established, by a specific 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 a sole Japanese governmental agency in charge of ODA implementation. JICA is the world's largest bilateral donor agency. JICA works as a bridge between Japan and emerging countries, and provides assistance in forms of loan, grant and technical cooperation so that the emerging countries can strengthen their capabilities.
For further information, please contact: