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India, Japan sign fourth tranche of loan for bullet train project

Japan to spend $75 bn to further collaborate with nations to establish free and open Indo Pacific

Prime Minister Narendra Modi with Japanese Prime Minister Fumio Kishida
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Prime Minister Narendra Modi with Japanese Prime Minister Fumio Kishida

Subhayan Chakraborty New Delhi
India and Japan have signed an agreement to facilitate the fourth tranche of loans for the Mumbai-Ahmedabad bullet train project, being financially supported through overseas development assistance by the Japan International Cooperation Agency (JICA).

The Ministry of External Affairs noted the “Exchange of Notes of tranche-IV JICA ODA Loan of JPY 300 billion for Mumbai Ahmedabad High Speed Rail (MAHSR)” as one of the outcomes of the bilateral meeting between Prime Minister Narendra Modi and his Japanese counterpart Fumio Kishida who is on a two-day bilateral visit to India to discuss economic cooperation, the upcoming Quad summit and the Indo-Pacific.

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First Published: Mar 20 2023 | 9:35 PM IST

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