Japan International Cooperation Agency (JICA) has provided the fifth and the last official development assistance loan tranche of Rs.44.74 billion for the Mumbai Metro Line 3 Project, which is being developed by Mumbai Metro Rail Corporation.

The total loan provided by JICA to the project is about Rs.210 billion, spread over five tranches. Also known as Aqua Line, the Mumbai Metro Line 3, is a 33.5 KM metro route connecting North and South Mumbai.

The metro project is completely underground and will be running along Colaba-Bandra-SEEPZ corridor, connecting the city's financial hubs such as Nariman Point, Bandra-Kurla-Complex (BKC), Fort, Worli, Lower Parel and Goregaon.

According to Mumbai Metro Rail Corporation (MMRCL), a joint venture between the Government of India and State Government of Maharashtra, the metro line will serve over 1.6 million commuters daily and will have 27 stations and interchange points linking with the city’s famous suburban railway, Monorail and ‘Versova-Andheri-Ghatkopar’ Metro-1, Metro 2B and Metro 6.