India Receives Rs 5,536 Crore Loan For Metro Rail Projects From Japan

Abhishek Mazumdar

November 29th, 2015 / 4:39 PM

Representational Image: metrorail wikimedia 

In what could be a real boon to solve the urgent traffic and commuting problems in Indian cities, Japan has pledged Rs 1,080 crore for the Chennai Metro Rail Project (IV phase) and Rs 4,456 crore for Ahmedabad Metro Project.

The money is expected to bolster the development of metro rail system in both the cities, fast emerging as cities of great economic and strategic importance.

The PTI reported that “India and Japan have had mutually beneficial economic development cooperation since 1958. In the last few years, the economic cooperation between India and Japan has strengthened and grown into strategic partnership. With general political consensus and popular support for the greater cooperation between India and Japan, the partnership is poised for a great future, said the release.”

The Logical Indian’s Opinion – The development of better public transport in both cities will not only make commuting easy, but the overall development will create more jobs and bolster the local economies as well. The cities of New Delhi, Mumbai and Bengaluru have been struggling due to indiscriminate expansion in terms of population and industries.

All three cities receive massive influx of workers from other cities looking for jobs. It is of great importance that infrastructure development in other major cities happens fast so that these three cities do not crumble under the pressure. This news comes as a sign of better things to come.

However, there is also need to be cautious. Bengaluru Metro has seen delays and the city is still awaiting a seamless metro system. We hope that the development of Ahmedabad and Chennai metro railway system will follow the Delhi Metro’s path of success and give the citizens a better mode of public transport.


Contributors

Edited by :

Share your thoughts..

Related Stories

Heal Tokyo

Healing Japan And The World Through Yoga, She Is Creating A Better Future For Poor Kids In India

“Won’t Leave India”: Rotomac Owner Who Defaulted On Over Rs 800 Crore Loan

After Rail Ministry’s Claim That Train Accidents Have Declined, Another Derailment In UP Injures 74

Fact Check: Is The Rail Ministry’s Claim That Train Accidents Have Declined In The Last Three Years True?

Bengaluru Police Auctions 2,536 Seized Vehicles, Know About It

India-Japan Nuclear Deal

Read To Know: India Seals Landmark Civil Nuclear Deal With Japan

Latest on The Logical Indian

News

Amidst Severe Debt Burden, Punjab Govt To Purchase 400 Luxury Cars For Ministers, Officials

News

Police Officer Thrashed By BJP Councillor At A Restaurant, Incident Captured In CCTV Camera

News

Universities To Lose Affiliation If They Retain Students’ Original Documents During Admission: UGC

Get Inspired

Indian-American Woman Honoured With Presidential Award By White House For Her Work Against Human Trafficking

News

Amritsar Train Tragedy: Punjab CM Orders Magisterial Inquiry Into The Accident Which Killed Over 60

News

Areas Surrounding Siang River Alerted Of Flash Floods After Formation Of Artificial Lake In Tibet

x

Stories that deserve attention, delivered to your inbox!

Handpicked, newsworthy stories which deserve the attention of a rational generation.