Japan commits ODA funds for nine projects

Team Blitz India

The Government of Japan has committed Official Development Assistance (ODA) loan of JPY 232.209 billion for nine projects in various sectors in India. The notes were exchanged on February 21 between Vikas Sheel, Additional Secretary, Department of Economic Affairs, Ministry of Finance and Suzuki Hiroshi, Ambassador of Japan to India.

The ODA loan has been committed for:

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The North East Road Network Connectivity Improvement Project (Phase 3) (Tranche II): Dhubri-Phulbari bridge (JPY 34.54 billion)

The North East Road Network Connectivity Improvement Project (Phase 7): NH 127B (Phulbari-Goeragre section) (JPY 15.56 billion)

The project for promoting start-up and innovation in Telangana (JPY 23.7 billion)

The project for the construction of Chennai Peripheral Ring Road (Phase 2) (JPY 49.85 billion)

The project for promoting sustainable horticulture in Haryana (Tranche I) (JPY 16.21 billion)

The project for climate change response and ecosystem services enhancement in Rajasthan (JPY 26.13 billion)

The project for the establishment of a medical college hospital at Nagaland Institute of Medical Sciences and Research, Kohima (JPY 10 billion)

The project for the improvement of urban water supply system in Uttarakhand (JPY 16.21 billion); and Dedicated freight corridor project (Phase 1) (Tranche V) (JPY 40 billion)

The road network connectivity projects aim to improve infrastructure in India’s North East region while the Chennai peripheral ring road project aims to alleviate traffic congestion and strengthen connections to the southern parts of the state.

The project in Nagaland will help develop tertiary level medical service delivery by developing a medical college hospital contributing towards universal health coverage. A unique project in Telangana will help discover entrepreneurial skills with focus on women and rural population and support business expansion of MSMEs.