Japan Expands Infrastructure Aid to India

Japan and India have signed a loan agreement worth 1.6 billion Japanese yen (USD18 million) for the second phase of a railroad development project.

The loan will support the second phase of India’s Dedicated Freight Corridor project that aims to build some 552 kilometers of freight-specific railway linking Dadri and Mumbai. It builds on the project’s first phase, which covers the construction of a dedicated railroad between Rewari and Vadodara.

The DFC project is part of the Delhi-Mumbai Industrial Corridor Initiative, a key Japanese-Indian collaboration for the development of infrastructure in India.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.