Indian Railways, National High Speed Rail Corporation and Japan International Cooperation Agency (JICA) on 21 December 2016 signed a Memorandum for General Consultancy.
Under the tripartite consultancy agreement, JICA promotes smooth implementation of the Mumbai-Ahmedabad High Speed Railway Project.
The general consultancy concerns providing design and bidding assistance for the public works and systems required for the construction of the project.
JICA will bear the cost of general consultancy up to 2020.
The memorandum is an outcome of the Japan-India Summit level talks in December 2015.
JICA is a governmental agency of Japan that coordinates the official overseas development assistance.
It has
4 missions namely, addressing the global agenda, reducing poverty through equitable growth, improving governance and achieving human security.
To achieve these missions the JICA follows 4 strategies namely., integrated assistance, seamless assistance, promoting development partnerships and enhancing research and knowledge-sharing.
Boosting bilateral relations between India and Japan, JICA is actively involved in infrastructure development and poverty alleviation programmes.
JICA is providing assistance to cement Japan-India cooperation such as the Delhi-Mumbai Industrial Corridor (DMIC) and the Chennai-Bengaluru Industrial Corridor (CBIC).
Boosting Japan-India academic-industry networks and human resources development for industries such as manufacturing, it works for stronger Indo-Japan relations.
About the Mumbai-Ahmedabad High Speed Railway Project- First high speed rail project in India.
- 508 km line linking Mumbai and Ahmedabad.
- Japan offers INR 79,000 crore of the total INR 97636 crore project cost.
- Project completion estimated by 2023.
