Mumbai Trans-Harbour Link Project gets tranche-III loan
Japan and India have exchanged Notes on 27 Feb 2023 for the Mumbai Trans-Harbour Link Project (III) loan of JPY 30.755 billion (Rs.1,728 crore approx.) and Project for the Establishment of Mizoram State Super-Specialty Cancer and Research Centre loan of JPY 9.918 billion (Rs.560 crore approx.).
The Mumbai Trans-Harbour Link Project aims to improve connectivity in Mumbai Metropolitan Region by connecting Mumbai with Navi Mumbai, thereby contributing to mitigation of traffic congestion and promoting regional economic development.
This is tranche-III loan of Rs.1,728 crore for the project from Japan’s Official Development Assistance (ODA).
Project for the Establishment of Mizoram State Super-Specialty Cancer and Research Centre aims to improve access to cancer prevention, detection, and treatment as well as human resource development and research that support cancer control system, thereby contributing to achieving Universal Health Coverage through strengthening the healthcare system pertaining to cancer in the state.
It has also received Rs.560 crore loan from ODA.
India and Japan have had a long and fruitful history of bilateral development cooperation since 1958, said the Finance Ministry.
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, it added.
The Notes were exchanged by Suzuki Hiroshi, Ambassador of Japan to India, and Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs. fiinews.com
