+
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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code