Japan to provide Yen 45 billion Loan to India for Bengaluru Water Supply and Sewerage Project

| Onkareshwar Pandey - 25 Jan 2018

Japan to provide Yen 45 billion Loan to India for Bengaluru Water Supply and Sewerage Project

New Delhi, Jan 26, 2018

The Government of Japan has committed JICA Official Development Assistance loan for an amount of Yen 45 billion (=Rs.2587 crore approx.) for the project.

The Notes in this regard were exchanged between Mr. S. Selvakumar, Joint Secretary, Department of Economic Affairs, Ministry of Finance, Government of India and H.E. Mr. Kenji Hiramatsu, Ambassador of Japan to India on Japanese official development assistance loan forBengaluru Water Supply and Sewerage Project (Phase 3) (I).

This Project will provide residents of Bruhat Bengaluru Mahanagar Palike (BBMP) area especially in 110 villages with safe and stable water supply and sewerage services by carrying-out construction of water treatment plant and sewage treatment plants thereby improving living conditions of the residents as well as the investment environment in the concerned areas in BBMP in the State of Karnataka.

India and Japan have had a long and fruitful history of bilateral development cooperation since 1958. In the last few years, the economic cooperation between India and Japan has steadily progressed. This further consolidates and strengthens the Strategic and Global Partnership between India and Japan.