Economy
Cancel
InfrastructureInfrastructureView in App

Japan to provide Rs 5,536 crore loan for metro projects in Chennai and Ahmedabad

The notes were exchanged between S Selvakumar, Joint Secretary, Department of Economic Affairs and Yutaka Kikuta, from Embassy of Japan to India.

By PTI | Updated:
Japan to provide Rs 5,536 crore loan for metro projects in Chennai and Ahmedabad
NEW DELHI: India and Japan today exchanged notes for Japan's Official Development Loan Assistance ( ODA) worth Rs 5,536 crore for Chennai and Ahmedabad metro rail projects.

"India and Japan exchange notes for Japan's Official Development Loan Assistance worth Rs 5,536 crore to India for Chennai Metro Rail Project (IV) and Ahmedabad Metro Project," said an official release.

The notes were exchanged here between S Selvakumar, Joint Secretary, Department of Economic Affairs and Yutaka Kikuta, from the Embassy of Japan to India.

The Japanese government of Japan has committed Official Development Assistance (ODA) loan of an amount of about Rs 1,080 crore for the Chennai Metro Rail Project (IV phase) and Rs 4,456 crore for Ahmedabad Metro Project.

India and Japan have had mutually beneficial economic development cooperation since 1958.

In the last few years, the economic cooperation between India and Japan has strengthened and grown into strategic partnership.
ADVERTISEMENT

With general political consensus and popular support for the greater cooperation between India and Japan, the partnership is poised for a great future, said the release.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
Indian Railways begins trials of solar powered trains
1/7
Text: PTI

Indian Railways has rolled out a non-AC coach of Rewari-Sitapur passenger train lit by solar panels installed on its roof as part of its plan to harness the green source of energy in a big way.

Image: Anil Kumar Chhatri, Northern Railways
Text: PTI

Indian Railways has rolled out a non-AC coach of Rewari-Sitapur passenger train lit by solar panels installed on its roof as part of its plan to harness the green source of en..
Read More
Railways is planning to come out with a solar policy for procuring 1000 MW solar power in the next five years.

Coaches of Shan-e-Punjab Express and Taj Express are also going to be equipped with solar power shortly, a senior Northern Railway official has said.

Image: Anil Kumar Chhatri, Northern Railways
Railways is planning to come out with a solar policy for procuring 1000 MW solar power in the next five years.

Coaches of Shan-e-Punjab Express and Taj Express are also going to be equipped wi..
Read More
It cost about Rs 3.90 lakh for equipping the non-AC coach of Rewari-Sitapur passenger train while the Railways will save Rs 1.24 lakh per year in power cost.

Image: Anil Kumar Chhatri, Northern Railways
It cost about Rs 3.90 lakh for equipping the non-AC coach of Rewari-Sitapur passenger train while the Railways will save Rs 1.24 lakh per year in power cost.

Image: Anil Kumar Chhatri, Nort..
Read More
Solar panels have also been provided on top of coaches of two narrow-gauge trains plying on Pathankot-Jogindernagar route in Kangra Valley section and Kalka-Shimla section on trial basis.

"On evaluation of trial and cost benefit analysis, further study of economic viability will be undertaken," Railways has said.

Image: Anil Kumar Chhatri, Northern Railways
Solar panels have also been provided on top of coaches of two narrow-gauge trains plying on Pathankot-Jogindernagar route in Kangra Valley section and Kalka-Shimla section on trial basis.

"On..
Read More
The solar panels generate about 17 units of power in a day which enables the lighting system in the coach.

Currently Railways will be installing solar panels on non-AC coaches only.

Image: Anil Kumar Chhatri, Northern Railways
The solar panels generate about 17 units of power in a day which enables the lighting system in the coach.

Currently Railways will be installing solar panels on non-AC coaches only.

..
Read More
Railways proposes to harness solar energy by utilising roof-top space of railway stations, other railway buildings and land including through the PPP mode as per the feasibility, the modalities of which are being worked out.

Railways has plan to generate 1000 MW solar power in the next five years. Steps are being taken to install solar plants at railway building rooftops and level crossings across the country.

Image: Anil Kumar Chhatri, Northern Railways
Railways proposes to harness solar energy by utilising roof-top space of railway stations, other railway buildings and land including through the PPP mode as per the feasibility, the modalities of wh..
Read More
According to the plan, railways proposes to install solar power plants of about 8.8 MW capacity at railway stations, railway office buildings and level crossing gates throughout the country under railway funding.

Railway Minister Suresh Prabhu has also emphasised on promotion of sustainable development and reducing dependence on fossil fuels.

The generation of solar supply will help railways supply power at remote locations and saving in diesel due to reduced running of diesel generators.

Image: Anil Kumar Chhatri, Northern Railways
According to the plan, railways proposes to install solar power plants of about 8.8 MW capacity at railway stations, railway office buildings and level crossing gates throughout the country under rai..
Read More
See More SlideshowsMore Slideshows
READ MORE
ADVERTISEMENT

READ MORE:

Japan |Chennai Metro Rail project |metro projects |Metro rail projects |oda

LOGIN & CLAIM

50 TIMESPOINTS

Centre clears infra development plan for nine cities under AMRUT

More from our Partners

Loading next story
Cancel
Business News › News › Economy › Infrastructure › Japan to provide Rs 5,536 crore loan for metro projects in Chennai and Ahmedabad
Text Size:AAA

Popular Categories

Hot on Web

In Case you missed it

Top Searched Companies

Download ET APP


Follow us on


Powered by

become a member

Terms of Use & Grievance Redressal Policy
DNPA Code of Ethics|Privacy Policy|Archive|Delete Data|Feedback|

Copyright © 2026 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights:
Times Syndication Service

Do Not Sell My Personal Information
Success
This article has been saved

*

+