Japan-India bullet train, metro project gain steam
India TodayJapan International Cooperation Agency has signed two agreements on Friday with the Government of India to provide Official Development Assistance loan for the Mumbai-Ahmedabad High-Speed Rail and the Kolkata East-West Metro Project. With the signing of this third loan agreement for the Kolkata Metro Project, the cumulative loan amount provided by JICA for Metro projects in India exceeds 1.2 trillion Japanese Yen. READ| Why 1,000 farmers do not want Mumbai-Ahmedabad bullet train JICA signed an agreement with the Government of India to provide an ODA loan of 89,547 million Japanese Yen as Tranche 1. Kolkata East-West Metro Project The other big project that Japan and India have embarked upon is the building a metro rail system between Howrah Maidan to Salt Lake Sector V, including an underwater section, as a part of the 'Kolkata East-West Metro Project '.