JICA signs new loan pacts for major rail projects for India public & freight transport.
JICA has granted loans for phase one of the Dedicated Freight Corridor, the Mumbai Trans-Harbour Link Project, and the Mumbai Metro Line 3 Project.
Dedicated Freight Corridor (DFC) project (Phase 1) is designed to deal with the increase in freight transport demand in India by constructing a new dedicated freight railway system between Delhi and Mumbai.
The Mumbai Trans-Harbour Link (MTHL) will connect Mumbai with Navi Mumbai. It will mitigate traffic congestion and promote economic development.
The Mumbai Metro will help in tackling congestion, as the daily ridership volume for 2021 is estimated as 1.21 million per day and will reach 1.70 million per day in 2031.
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