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.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Infrastructure Urban

01 Jun 2026

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Infrastructure Urban

01 Jun 2026

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..