Patna Metro Rail Construction receives INR 55210 million
RAILWAYS & METRO RAIL

Patna Metro Rail Construction receives INR 55210 million

The Japan International Cooperation Agency (JICA) has signed a loan agreement with the Government of India to provide a Japanese ODA loan worth JPY 98,612 million, which is approximately USD 910 million or INR 55.21 billion, for the Patna Metro Rail Construction Project (I). The project aims to address the growing demand for transportation in Patna by constructing a new metro corridor, thus contributing to the improvement of the urban environment, economic development, and mitigation of climate change in the city.

The loan agreement was signed by Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs, Ministry of Finance, Govt. of India and SAITO Mitsunori, Chief Representative, JICA India office.

The primary objective of the project is to create a public transport-oriented city that reduces emissions and minimizes environmental impact. Additionally, the project aligns with the government's goal of reducing greenhouse gas emissions by 33-35% by 2030 compared to 2005 levels, based on the Paris Agreement.

SAITO Mitsunori, Chief Representative of JICA India office, expressed his satisfaction with the signing of the loan agreement, saying, "JICA’s cooperation in the Metro Development in India had expanded in six cities, namely Delhi, Chennai, Bengaluru, Kolkata, Mumbai and Ahmedabad and this project in Patna will be the first metro project in what is called Tier II cities. I am glad to be involved in an important project in the historical city of Patna. Considering the growing population and industries in the city, I am sure this project will improve the life and business in Patna and I hope this will be considered the best example of a metro project in Tier II cities."

The Patna Metro Rail Corporation Limited (PMRCL) will operate and maintain the Patna Metro Rail Construction Project (I) with the support of the ODA Loan Agreement. This agreement strengthens the partnership between Japan and India, which have been working together to promote infrastructure development in India.

The Japan International Cooperation Agency (JICA) has extended ODA loans of over 1.7 trillion Japanese yen (approximately Rs 107,5050 million) to develop metro rail systems in several Indian cities, including Chennai, Bengaluru, Kolkata, Delhi, Mumbai, and Ahmedabad. These loans have helped in the development of modern and efficient metro rail systems, which have significantly improved the transportation infrastructure in these cities.

Overall, the partnership between Japan and India has been crucial in promoting infrastructure development in India, and the ODA loans provided by JICA have played a significant role in this regard.

The Japan International Cooperation Agency (JICA) has signed a loan agreement with the Government of India to provide a Japanese ODA loan worth JPY 98,612 million, which is approximately USD 910 million or INR 55.21 billion, for the Patna Metro Rail Construction Project (I). The project aims to address the growing demand for transportation in Patna by constructing a new metro corridor, thus contributing to the improvement of the urban environment, economic development, and mitigation of climate change in the city. The loan agreement was signed by Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs, Ministry of Finance, Govt. of India and SAITO Mitsunori, Chief Representative, JICA India office. The primary objective of the project is to create a public transport-oriented city that reduces emissions and minimizes environmental impact. Additionally, the project aligns with the government's goal of reducing greenhouse gas emissions by 33-35% by 2030 compared to 2005 levels, based on the Paris Agreement. SAITO Mitsunori, Chief Representative of JICA India office, expressed his satisfaction with the signing of the loan agreement, saying, JICA’s cooperation in the Metro Development in India had expanded in six cities, namely Delhi, Chennai, Bengaluru, Kolkata, Mumbai and Ahmedabad and this project in Patna will be the first metro project in what is called Tier II cities. I am glad to be involved in an important project in the historical city of Patna. Considering the growing population and industries in the city, I am sure this project will improve the life and business in Patna and I hope this will be considered the best example of a metro project in Tier II cities. The Patna Metro Rail Corporation Limited (PMRCL) will operate and maintain the Patna Metro Rail Construction Project (I) with the support of the ODA Loan Agreement. This agreement strengthens the partnership between Japan and India, which have been working together to promote infrastructure development in India. The Japan International Cooperation Agency (JICA) has extended ODA loans of over 1.7 trillion Japanese yen (approximately Rs 107,5050 million) to develop metro rail systems in several Indian cities, including Chennai, Bengaluru, Kolkata, Delhi, Mumbai, and Ahmedabad. These loans have helped in the development of modern and efficient metro rail systems, which have significantly improved the transportation infrastructure in these cities. Overall, the partnership between Japan and India has been crucial in promoting infrastructure development in India, and the ODA loans provided by JICA have played a significant role in this regard.

Next Story
Infrastructure Transport

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

Next Story
Resources

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Next Story
Real Estate

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?