+
JICA's Rs 226 bn loan boosts Mumbai-Ahmedabad high speed rail project
RAILWAYS & METRO RAIL

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

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.

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.

Next Story
Infrastructure Urban

Autodesk Appoints Kamolika Gupta Peres as VP, India & SAARC

Autodesk announced the appointment of Kamolika Gupta Peres as vice president, Autodesk India and SAARC business, effective June 2025. In her new role, she will lead Autodesk’s growth and scaling efforts in India and SAARC, strengthen the company’s customer and partner ecosystem, and further deepen Autodesk’s position as a trusted transformation partner in the region.Known for her agile, empathetic leadership and passion for bold, future-focused transformation, Kamolika brings a people-first approach that inspires clarity, ownership, and high performance across teams. As the leader of Ind..

Next Story
Real Estate

Major Developers Expands into RAK Central

Major Developers announced the acquisition of a prime land parcel in RAK Central, Ras Al Khaimah’s new commercial and administrative hub.  The move marks a significant milestone in the company’s expansion strategy and underscores its commitment to supporting the emirate’s infrastructure-driven ambitions under RAK Vision 2030, Ras Al Khaimah's strategic framework to achieve sustainable, diversified, and globally competitive growth. “With RAK Central, we’ve created a mega-development that is structurally aligned with regional growth, global investment patterns, and natio..

Next Story
Real Estate

Garg Realty to Invest Rs 4 Bn in Dholera for Land Aggregation Projects

Garg Realty Group, a leading real estate builder and developer based in Gurgaon, has announced an investment of over Rs 4 billion for projects in Dholera, Gujarat, over the next 3 years. The company has already invested in 20–22 acres of land in the region and, with this new capital, plans to acquire additional land to cater to Dholera’s rising demand for industrial, commercial, and residential infrastructure. The investment is backed by a mix of internal accruals and financial partnerships, reflecting the long-term commitment to the development of India’s first greenfield smart city.&nb..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?