Bullet Train project: JICA announces 3rd tranche loan of Rs. 6000 crores.

July 26, 2022

Recently, Japan International Cooperation Agency (JICA) announced third tranche of Rs 6,000 crore for the Mumbai-Ahmedabad High-Speed Rail (MAHSR) project.
The JICA — which has been supporting the project for the Bullet Train project — signed a loan agreement with the Government of India to provide an Official Development Assistance (ODA) loan of 100,000 million Japanese Yen (approx. INR 6,000 Crore) as Tranche 3 for the Construction of Mumbai Ahmedabad High-Speed Rail (MAHSR).
The loan agreement was signed between Mr. Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs, Ministry of Finance, Government of India and Mr. Watanabe Jun, Senior Representative, JICA India.
The JCA had earlier in 2017 extended a loan package of JPY 250,000 million (approximately INR 18,000 crore) package that JICA had committed in 2017.
National High Speed Rail Corporation Limited (NHSRCL) is the Executing Agency of the Project.
In the first phase, the bullet train will cover 508 kilometres between Mumbai and Ahmedabad.
The operating speed of the bullet train will be 320 kilometers per hour and maximum speed will be 350 kilometers per hour.