17 Feb : Delhi and Chennai Metro projects will get new fundings from Japan next fiscal as budget receipts tabled in Parliament on Mon indicate loans of Rs 7,575.54 crore in 2009-10, against Rs 3,916.85 crore in FY’09.The other projects to get funding from Japan are Hyderabad Outer Ring Road, Guwahati Water Supply Project, Kerala Water Supply Project, Hogenakkal Water Supply Project and Fluorsis Mitigation Project.
Apart from this, the Overseas Development Agency (ODA) loan assistance from Japan would give new credit for capacity development for forest management and personnel training project and micro, small and medium enterprise energy saving project in the country.
As many as 57 projects are being implemented with ODA’s assistance from Japan worth 985,499 billion yen.Earlier in January, the nodal agency for giving ODA loans, Japan International Cooperation Agency, had indicated increased assistance for various development projects in India.
JICA’s Chief Representative in India Irigaki Hidetoshi had said, it had no plans to reduce targeted loan amount for India and assured of more new loans in 2009-10.
The other countries which provides overseas development assistance to India are Russia, United Kingdom, United States of America, Canada, Italy and Germany.
The estimated utilisation of assistance for constructing 2000-MW Kundankulam Nuclear power project is expected to be Rs 960.34 crore and Rs 603.62 crore in 2008-09 and 2009-10, respectively.
The UK has been providing bilateral development assistance to India since 1958 through the Department of International Development (DFID). Against the earlier estimates of Rs 1,090 crore, an amount of Rs 1,030 crore is expected to be received in 2009-10.
The international organisations, which provide assistance for various development projects to India, include European Commission, International Bank for Reconstruction and Development, International Development Association, Asian Development Bank, United Nations and Organisation of Petroleum Exporting Countries.