Patna Metro Rail Construction receives INR 55210 million
RAILWAYS & METRO RAIL

Patna Metro Rail Construction receives INR 55210 million

The Japan International Cooperation Agency (JICA) has signed a loan agreement with the Government of India to provide a Japanese ODA loan worth JPY 98,612 million, which is approximately USD 910 million or INR 55.21 billion, for the Patna Metro Rail Construction Project (I). The project aims to address the growing demand for transportation in Patna by constructing a new metro corridor, thus contributing to the improvement of the urban environment, economic development, and mitigation of climate change in the city.

The loan agreement was signed by Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs, Ministry of Finance, Govt. of India and SAITO Mitsunori, Chief Representative, JICA India office.

The primary objective of the project is to create a public transport-oriented city that reduces emissions and minimizes environmental impact. Additionally, the project aligns with the government's goal of reducing greenhouse gas emissions by 33-35% by 2030 compared to 2005 levels, based on the Paris Agreement.

SAITO Mitsunori, Chief Representative of JICA India office, expressed his satisfaction with the signing of the loan agreement, saying, "JICA’s cooperation in the Metro Development in India had expanded in six cities, namely Delhi, Chennai, Bengaluru, Kolkata, Mumbai and Ahmedabad and this project in Patna will be the first metro project in what is called Tier II cities. I am glad to be involved in an important project in the historical city of Patna. Considering the growing population and industries in the city, I am sure this project will improve the life and business in Patna and I hope this will be considered the best example of a metro project in Tier II cities."

The Patna Metro Rail Corporation Limited (PMRCL) will operate and maintain the Patna Metro Rail Construction Project (I) with the support of the ODA Loan Agreement. This agreement strengthens the partnership between Japan and India, which have been working together to promote infrastructure development in India.

The Japan International Cooperation Agency (JICA) has extended ODA loans of over 1.7 trillion Japanese yen (approximately Rs 107,5050 million) to develop metro rail systems in several Indian cities, including Chennai, Bengaluru, Kolkata, Delhi, Mumbai, and Ahmedabad. These loans have helped in the development of modern and efficient metro rail systems, which have significantly improved the transportation infrastructure in these cities.

Overall, the partnership between Japan and India has been crucial in promoting infrastructure development in India, and the ODA loans provided by JICA have played a significant role in this regard.

The Japan International Cooperation Agency (JICA) has signed a loan agreement with the Government of India to provide a Japanese ODA loan worth JPY 98,612 million, which is approximately USD 910 million or INR 55.21 billion, for the Patna Metro Rail Construction Project (I). The project aims to address the growing demand for transportation in Patna by constructing a new metro corridor, thus contributing to the improvement of the urban environment, economic development, and mitigation of climate change in the city. The loan agreement was signed by Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs, Ministry of Finance, Govt. of India and SAITO Mitsunori, Chief Representative, JICA India office. The primary objective of the project is to create a public transport-oriented city that reduces emissions and minimizes environmental impact. Additionally, the project aligns with the government's goal of reducing greenhouse gas emissions by 33-35% by 2030 compared to 2005 levels, based on the Paris Agreement. SAITO Mitsunori, Chief Representative of JICA India office, expressed his satisfaction with the signing of the loan agreement, saying, JICA’s cooperation in the Metro Development in India had expanded in six cities, namely Delhi, Chennai, Bengaluru, Kolkata, Mumbai and Ahmedabad and this project in Patna will be the first metro project in what is called Tier II cities. I am glad to be involved in an important project in the historical city of Patna. Considering the growing population and industries in the city, I am sure this project will improve the life and business in Patna and I hope this will be considered the best example of a metro project in Tier II cities. The Patna Metro Rail Corporation Limited (PMRCL) will operate and maintain the Patna Metro Rail Construction Project (I) with the support of the ODA Loan Agreement. This agreement strengthens the partnership between Japan and India, which have been working together to promote infrastructure development in India. The Japan International Cooperation Agency (JICA) has extended ODA loans of over 1.7 trillion Japanese yen (approximately Rs 107,5050 million) to develop metro rail systems in several Indian cities, including Chennai, Bengaluru, Kolkata, Delhi, Mumbai, and Ahmedabad. These loans have helped in the development of modern and efficient metro rail systems, which have significantly improved the transportation infrastructure in these cities. Overall, the partnership between Japan and India has been crucial in promoting infrastructure development in India, and the ODA loans provided by JICA have played a significant role in this regard.

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000