Japan to finance A&N and metro extension

₹ 265-cr grant to increase the power supply to the islands; “A&N location key in the Indo-Pacific”

In the first-ever official development assistance (ODA) project to Andaman and Nicobar (A&N), Japan approved a grant worth 4.02 billion yen, or 265 crore yen, to improve the economy. supply of electricity to the islands, highlighting the strategic geopolitical position of the islands for an open Indo-Pacific.

Japan has also provided yen loans worth 229.5 billion yen, or 16,186 crore yen, for the execution of four projects, including Delhi Metro Phase 4 and expansion plans. of phase 2 of the Bengaluru metro for which loan agreements were signed between the Japan International Cooperation Agency (JICA) and the government on Friday.

“This is the very first ODA project in the strategic islands of Andaman and Nicobar (apart from emergency humanitarian aid),” said an official at the Japanese embassy.

“Due to its geopolitical location, the islands play a crucial role in our shared vision of a free, open and inclusive Indo-Pacific. “

“The cooperation between Japan and India on these crucial islands demonstrates the commitment of the two countries to achieve a stable, peaceful and prosperous Indo-Pacific,” he added.

The grant would be used to purchase 15 MWh batteries as well as power system stabilizers to enable better use of solar energy produced in southern Andaman.

Metro projects

The 8,390 crore loan for the fourth phase of the Delhi metro would help build three priority corridors – extension of line 7 (Mukundpur – Maujpur / 12.56 km), line 8 (Janakpuri West – RK Ashram / 28 , 92 km) and a new corridor covering Aerocity – Tughlakabad (23.62 km), according to an official statement. After the completion of this phase, the Delhi metro rail network stretches for more than 400 km, more than double that of the Tokyo metro, the official said.

Likewise, a loan of 3,717 yen crore was approved for the development of 80 km of metro lines as part of the second phase of the Namma metro in Bengaluru. This would cover line R6 (Nagawara – Gottigere, 22 km), phase 2A (Silk Board – K R. Puram, approximately 20 km) and phase 2B (K R. Puram – Kempegowda international airport terminal, 38 km).

Loan of 807 crore was given for crop diversification in Himachal Pradesh and ₹ 3272 crore for rural water supply loans with focus on fluorosis mitigation in Jhunjhunu districts and Barmer in Rajasthan.

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