The Exchange of Notes for the implementation of the project in Bengaluru was signed between Ambassador of Japan to India, Kenji Hiramatsu, and Joint Secretary, Department of Economic Affairs, Ministry of Finance, S Selvakumar, today.
The project for implementation of Advanced Traffic Information and Management System in Bengaluru, includes, signalling system and traffic congestion length measurement sensor in the city.
The grant, amounting to 1.276 billion yen, approximately Rs 72.86 crore, for the project is expected to contribute to strengthening connectivity and industrial competitiveness of the local economy by improving traffic congestion and urban environment, the embassy said in a statement.
In addition, this new system in Bengaluru city will utilise the advanced technology provided by Japan, the statement added.