JICA funds Bengaluru Metro phase 3

Why in news

The Union government and JICA signed a loan agreement for an Official Development Assistance (ODA) of 1,02,480 million Japanese Yen to fund the Bengaluru Metro Rail Project Phase 3 (I).

Background

The project involves civil and architectural works for approximately 44.65 km of metro lines with 31 elevated stations. It is scheduled for completion by January 2032 to address rising traffic demand and urban congestion in Bengaluru.

Facts for Prelims

• FactLoan amount: 1,02,480 million Japanese Yen
• PlaceBengaluru Metro Rail Project Phase 3 (I) covers 44.65 km of metro lines
• FactProject completion target: January 2032

For Mains

Q. Discuss the role of international development assistance in financing urban infrastructure and its impact on sustainable urban mobility in Indian metropolitan cities.

Dimensions to cover in your answer

• Debt sustainability: Balancing ODA-funded infrastructure with long-term fiscal liabilities
• Urban mobility: Reducing carbon footprint through mass rapid transit expansion
• Project execution: Coordination between central government, state bodies, and international lenders

Keywords: Official Development Assistance · Urban Mobility · Infrastructure Financing · Mass Rapid Transit · Sustainable Urbanization

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