'Japan keen to support Delhi Metro Phase IV'
25 May 2012 7:52 AM GMT
The Delhi Metro's expansion plan got a boost with Japan keen to participate in its future projects as well as carry out feasibility study for the capital's mono rail systems and urban transportation.
'We met the Japan International cooperation agency (JICA) officials on Wednesday and talked about participation, also to look if they can do a study for mono rail systems and urban transportation,' visiting Urban Development minister Kamal Nath said after meeting officials of the agency there.
'We are now at Phase III of Metro. When we finish Phase IV, it would be the largest metro in the world,' he added.
Nath said the Japanese funding agency, which had extended financial support for all the three phases of Delhi Metro's expansion, had shown enthusiasm for the future expansion plans too. 'JICA is enthusiastic working on it. We are hopeful that Phase IV will also be done by them. We will have fourth phase of metro which will have 440 km of area covered,' he said.
Nath, who is on a visit to Japan, said this on the sidelines of the India-Japan Business Summit jointly organised by CII and Japanese industry chamber Keidanren.
For Delhi Metro's Phase III expansion, JICA has already promised loans of approximately Rs 14,000 crore, which form about 40 per cent of the cost of the project.
Nath also said when it came to infrastructure, India had a lot of catching up to do.
'India has huge infrastructure deficit. We need to built airports, roads, highways. In every sector, we will be catching up with the past, not building for the future. That is the main difference with Japan, where there is a new level of infrastructure, while India is still catching up,' he said.
'We met the Japan International cooperation agency (JICA) officials on Wednesday and talked about participation, also to look if they can do a study for mono rail systems and urban transportation,' visiting Urban Development minister Kamal Nath said after meeting officials of the agency there.
'We are now at Phase III of Metro. When we finish Phase IV, it would be the largest metro in the world,' he added.
Nath said the Japanese funding agency, which had extended financial support for all the three phases of Delhi Metro's expansion, had shown enthusiasm for the future expansion plans too. 'JICA is enthusiastic working on it. We are hopeful that Phase IV will also be done by them. We will have fourth phase of metro which will have 440 km of area covered,' he said.
Nath, who is on a visit to Japan, said this on the sidelines of the India-Japan Business Summit jointly organised by CII and Japanese industry chamber Keidanren.
For Delhi Metro's Phase III expansion, JICA has already promised loans of approximately Rs 14,000 crore, which form about 40 per cent of the cost of the project.
Nath also said when it came to infrastructure, India had a lot of catching up to do.
'India has huge infrastructure deficit. We need to built airports, roads, highways. In every sector, we will be catching up with the past, not building for the future. That is the main difference with Japan, where there is a new level of infrastructure, while India is still catching up,' he said.
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