India and Japan-India Cooperative Actions (JICA) signed the loan agreements under the Japanese Official Development Assistance Loan Program. The Loan Agreements were signed by Dr. C.S. Mohapatra, Additional Secretary, Department of Economic Affairs, Union Ministry of Finance, and Katsuo Matsumoto, Chief Representative, JICA in New Delhi.
The agreements under the Japanese Official Development Assistance Loan were signed for two projects. These are:
(a) Project for the Construction of Chennai Peripheral Ring Road (Phase 1) for Japanese Yen 40.074 billion (around Rs 2470 Crore), and
(b) Program for Japan-India Cooperative Actions towards Sustainable Development Goals in India for Japanese Yen 15.000 billion (around Rs 950 Crore).
Source- Press Information Bureau (PIB)