Home » Business » Japan commits Official Development Assistance (ODA) loan of Japanese Yen (JPY) 232.209 billion for nine projects

Japan commits Official Development Assistance (ODA) loan of Japanese Yen (JPY) 232.209 billion for nine projects

Newdelhi:20/2/24:The Govt. of Japan has committed Official Development Assistance loan of an amount of JPY 232.209 billion for nine (09) projects in various sectors. The Notes were exchanged today between Mr. Vikas Sheel, Additional Secretary, Department of Economic Affairs, Ministry of Finance, Government of India, and Mr. Suzuki Hiroshi, Ambassador of Japan to India.

The ODA loan assistance has been committed to:

  • The North East Road Network Connectivity Improvement Project (Phase 3) (Tranche II): Dhubri-Phulbari bridge (JPY 34.54 billion)
  • The North East Road Network Connectivity Improvement Project (Phase 7): NH 127B (Phulbari-Goeragre section) (JPY 15.56 billion)
  • The Project for Promoting Start-up and Innovation in Telangana (JPY 23.7 billion)
  • The Project for the Construction of Chennai Peripheral Ring Road (Phase 2) (JPY 49.85 billion)
  • The Project for Promoting Sustainable Horticulture in Haryana (Tranche I) (JPY 16.21 billion)
  • The Project for Climate Change Response and Ecosystem Services Enhancement in Rajasthan (JPY 26.13 billion)
  • The Project for the Establishment of the Medical College Hospital at Nagaland Institute of Medical Sciences and Research, Kohima (JPY 10 billion)
  • The Project for the Improvement of Urban Water Supply System in Uttarakhand  (JPY 16.21 billion); and
  • The Dedicated Freight Corridor Project (Phase 1) (Tranche V) (JPY 40 billion)

The road network connectivity projects aim to improve infrastructure development in India’s North East region, while the Chennai peripheral ring road project aims to alleviate traffic congestion and strengthen connections to the southern part of the state. The project in Nagaland will help develop tertiary-level medical service delivery by developing a Medical College Hospital contributing towards universal health coverage. A unique project in Telangana will help discover entrepreneurial skills with a focus on women and rural population and support business expansion of MSMEs. In Haryana, the project will promote sustainable horticulture and improve farmer’s income by promoting crop diversification and infrastructure development. The forestry project in Rajasthan will enhance ecosystem services through afforestation, forest and biodiversity conservation. In the mountainous state of Uttarakhand, the project aims to provide stable water supply to urban towns. The fifth tranche of the Dedicated Freight Corridor project will help in the construction of new dedicated freight railway system and bring about modernisation of intermodal logistics system enabling handling of increased freight traffic.India and Japan have had a long and fruitful history of bilateral development cooperation since 1958. Economic partnership, a key pillar of India-Japan relations has steadily progressed in the last few years. The exchange of Notes for these important projects will further strengthen the Strategic and Global Partnership between India and Japan.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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