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Home Banking & Finance

Japan grant signed for Bengaluru traffic

Fiinews by Fiinews
December 21, 2017
in Banking & Finance, Investment, Projects, Technology
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Signalling system will help ease traffic congestion

A Japanese Grant Aid was signed for JPY1.276 billion (approx. Rs.72.86 crore) for the Implementation of Advanced Traffic Information and Management System in Core Bengaluru project.

The project will install an Advanced Traffic Information and Management System, including signaling system and traffic congestion length measurement sensor, in core Bengaluru.

It will contribute to strengthening connectivity and industrial competitiveness of local economy by improving traffic congestion and urban environment.

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.

The Exchange of Notes were signed by S. Selvakumar, Joint Secretary, Department of Economic Affairs, and Kenji Hiramatsu, Ambassador of Japan to India, in New Delhi on 20 Dec 2017. fii-news.com

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