Date of Post: 29 Sep, 2018
New Delhi: The Japanese funding agency, JICA (Japan International Cooperation Agency) has signed an agreement with the Indian government to provide ODA loan of 25.903 Billion Japanese Yen (approx. Rs 1,619 crore) for ‘Kolkata East-West Metro Project (III)’ between Howrah Maiden to Salt Lake Sector V, including an underwater section, JICA said in a statement.
- The ODA loan agreement were signed between C.S. Mohapatra, Additional Secretary, Department of Economic Affairs (DEA), Ministry of Finance, and Katsuo Matsumoto, Chief Representative, JICA India.
- The Kolkata East-West Metro Project (III) will mitigate traffic congestion, reduce air pollution, minimize road accidents and make travel smoother for the people in Kolkata.
- The Project will connect Howrah Maiden to Salt Lake Sector V through Esplanade.
- Talking about the Kolkata East-West Metro Project (III), Matsumoto said,”Kolkata will be the first city to have an underwater section in its metro which will help connect both sides of the river-divided city, responding to the growing traffic demands. The metro line will cover the central business district area and residential cum institutional complex area of Kolkata thereby bringing ease of commuting.”
- The Executing Agency for the Kolkata East-West Metro Project (III) is Kolkata Metro Rail Corporation Ltd (KMRCL).
- The project involves an ambitious tunnel crossing below river Ganges in between Howrah and Mahakaran stations which is the first transportation tunnel in India under any mighty river, the statement read.
- The elevated portion is planned with the construction of piers mainly on the median of the road, while the underground section is planned with shield tunneling method by using TBMs (Tunnel Boring Machines) and stations by ‘cut and cover’ method.
- With signing of this 3rd loan agreement for Kolkata metro project, the cumulative loan amount provided by JICA for metro projects in India (including Delhi, Bengaluru, Kolkata, Mumbai, Chennai and Ahmedabad Metro) exceeds 1.2 trillion Japanese Yen (approx. Rs 73,710 crore).
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