JICA offers Rs 6,000 cr to procure electric locomotives for Western DFC

JICA has so far extended concessional official development assistance loans of about Rs 26,000 crore for development of the project

Japan International Cooperation Agency (JICA) has signed an agreement with the government of India to provide a development assistance loan of Rs 6,000 crore to procure 200 electric locomotives for the Western Dedicated Freight Corridor (WDFC) Project.

With this, JICA has so far extended concessional official development assistance loans of about Rs 26,000 crore for development of the Western DFC Project. The loan is offered at a rate of 0.1 per cent for project activities with 30 years of repayment period, including 10 years of grace period. JICA is currently supporting the construction of civil and track works, electrification, including