 "Mumbai metro")
Japan International Cooperation Agency (JICA) has signed an agreement with the Government of India to provide an Official Development Assistance (ODA) loan worth Rs 11,033 crore for two projects—the Dedicated Freight Corridor and the Mumbai Metro.
Under the ODA loan granted, the Dedicated Freight Corridor (DFC) Project (Phase 1-IV) has been given a Rs 8,553 crore-loan, while Mumbai Metro Line-3 Project (III) has been extended the balance Rs 2,480 crore.
Japanese ODA loans are long-term low interest rate loans advanced to the developing countries.
The objective of the DFC project is to cope up with increase in freight transport demand in India by
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