Japan commits Rs 10,535 cr towards six infra projects in India

New Delhi, Mar 29 (PTI) Japan Monday committed 215
billion yen (Rs 10,535 crore) for six infrastructure projects
in India, including Phase II of the Mass Rapid Transport
System (MRTS) for Delhi.
An Agreement to this effect was signed between Finance
Ministry officials and the Japanese Ambassador to India
Hideaki Domichi.
The committed 215 billion yen would flow into the country
in the next fiscal (2010-11) and the year beyond.
With this agreement, official development assistance from
Japan will touch 3,116.81 billion yen (Rs 1,55,840 crore),
making India the highest recipient of such assistance from the
Far East country.
The agreement allocates 30.54 billion yen (Rs 1,648
crore) for the second phase of DMRTS.
In addition, 23.4 billion yen (Rs 1,146 crore) will go
towards Calcutta East-West Metro Project Phase II, 59.85
billion yen (Rs 2,932.6 crore) for Chennai Metro Project Phase
II and 90.3 billion yen (Rs 4,422 crore) for the first phase
of a dedicated Freight Corridor Project of Railways.
Besides, three billion yen (Rs 150 crore) would be given
for Rengali irrigation project in Orissa and 5.3 billion yen
(Rs 263.8 crore) for a forestry project in Sikkim. PTI