Japan to provide Rs 5,536 crore loan for metro projects in India

• India and Japan today exchanged notes for Japan’s Official Development Loan Assistance (ODA) worth Rs 5,536 crore for Chennai and Ahmedabad metro rail projects, said officials from Finance Ministry.
• The estimated base cost of the Chennai Metro Rail project is about Rs 14,600 crore and Ahmedabad Metro Rail project is a total of Rs 11,463 crore.

Source: EconomicTimes