Patna Metro Rail Construction receives INR 55210 million

03 Apr 2023 CW Team

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.

Infrastructure Energy

07 Oct 2025

Hero Future Energies Secures Rs 19.08 Bn for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19,080 million in funding from State Bank of India (lead) and Canara Bank for the development of its 120 MW renewable energy (RE) hybrid project in Kurnool, Andhra Pradesh.The project, contracted with SJVN, integrates wind, solar, and storage technologies to provide reliable peak power. The funding, structured with a 21-year repayment tenure, will support timely project execution and the commencement of commercial operations.This financial closure underscores the banking community’s confidence in ..

Equipment

07 Oct 2025

SANY India Opens New 3S Branches in Visakhapatnam and Palwancha

SANY India, a leading manufacturer of construction, mining, road, logistics, and energy equipment, has expanded its presence in southern India by inaugurating two new 3S (Sales, Service, Spares) branch offices in Visakhapatnam (Andhra Pradesh) and Palwancha (Telangana). The expansion, in partnership with its authorised dealer Madhura Engineering Services, reinforces SANY’s commitment to providing world-class equipment and faster service access in key industrial and mining hubs.These new facilities complement Madhura Engineering’s existing branches in Guntur and Vijayawada, marking a strate..

Real Estate

07 Oct 2025

Compact Homes Lead Demand as Indian Housing Market Stabilises: Magicbricks

Magicbricks, India’s leading real estate platform, has released its PropIndex Report for July–September 2025, revealing signs of stabilisation in the housing market. Despite affordability pressures, housing demand grew 3.1 per cent QoQ, driven largely by compact homes. The share of 1–2 BHK units rose to 54 per cent of total demand, reversing a two-year decline and signalling renewed focus on affordability.While overall supply increased marginally by 1 per cent QoQ (–4.5 per cent YoY), property prices continued to rise. Pune (+41.4 per cent YoY), Mumbai (+29.6 per cent YoY), and Greater..