JICA's Rs 226 bn loan boosts Mumbai-Ahmedabad high speed rail project

25 Dec 2023 CW Team

The estimated cost for the ambitious 508 km Mumbai-Ahmedabad High-Speed Rail Project is approximately Rs 1.25 trillion, with JICA expected to contribute a substantial 88% of the financing. Illustrating the magnitude of this commitment, a JICA representative stated, "JICA has been supporting the Mumbai-Ahmedabad High-Speed Rail (MAHSR) project by providing Official Development Assistance (ODA) loans with a cumulative commitment amount of Japanese Yen 1 trillion (Rs 593.96 billion) since 2017."

This financial commitment from JICA goes beyond mere monetary support, encompassing various technical contributions. These include feasibility studies, detailed design work, training programs in Japan, collaboration on station area development, and the involvement of Japanese Shinkansen experts working alongside the executing agency, the National High-Speed Rail Corporation.

In response to the agreement, the Indian government expressed gratitude for the enduring partnership with Japan. A government spokesperson stated, "This commitment not only strengthens the financial aspect but also brings invaluable technical expertise, ensuring the successful realisation of the Mumbai-Ahmedabad High-Speed Rail Project."

Beyond the Mumbai-Ahmedabad High-Speed Rail Corridor, the Indian government is actively planning high-speed rail connectivity in three major cities?New Delhi, Chennai, and Kolkata. The National High-Speed Rail Corporation, a 100% subsidiary of Rail Vikas Nigam, is spearheading the execution of the Mumbai-Ahmedabad corridor.

This partnership between JICA and the Indian government not only cements a historic financial commitment but also underscores the collaborative efforts between the two nations in advancing high-speed rail technology and infrastructure.

The Japan International Cooperation Agency (JICA) and the Indian government have formalised a groundbreaking agreement, solidifying an official development assistance loan of Rs 226.27 billion as the fifth tranche for the Mumbai-Ahmedabad High-Speed Rail Project. This substantial commitment not only represents a significant financial boost but also stands as the largest loan ever provided by the Japanese government agency in its history. The estimated cost for the ambitious 508 km Mumbai-Ahmedabad High-Speed Rail Project is approximately Rs 1.25 trillion, with JICA expected to contribute a substantial 88% of the financing. Illustrating the magnitude of this commitment, a JICA representative stated, JICA has been supporting the Mumbai-Ahmedabad High-Speed Rail (MAHSR) project by providing Official Development Assistance (ODA) loans with a cumulative commitment amount of Japanese Yen 1 trillion (Rs 593.96 billion) since 2017. This financial commitment from JICA goes beyond mere monetary support, encompassing various technical contributions. These include feasibility studies, detailed design work, training programs in Japan, collaboration on station area development, and the involvement of Japanese Shinkansen experts working alongside the executing agency, the National High-Speed Rail Corporation. In response to the agreement, the Indian government expressed gratitude for the enduring partnership with Japan. A government spokesperson stated, This commitment not only strengthens the financial aspect but also brings invaluable technical expertise, ensuring the successful realisation of the Mumbai-Ahmedabad High-Speed Rail Project. Beyond the Mumbai-Ahmedabad High-Speed Rail Corridor, the Indian government is actively planning high-speed rail connectivity in three major cities?New Delhi, Chennai, and Kolkata. The National High-Speed Rail Corporation, a 100% subsidiary of Rail Vikas Nigam, is spearheading the execution of the Mumbai-Ahmedabad corridor. This partnership between JICA and the Indian government not only cements a historic financial commitment but also underscores the collaborative efforts between the two nations in advancing high-speed rail technology and infrastructure.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Building Material

11 Dec 2025

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

Building Material

11 Dec 2025

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..