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this had nothing to do with india still indian need to poke their nose in
Delhi Metro pays back loan to Japanese agency
The Delhi Metro Rail Corporation (DMRC) has paid back an amount of Rs.567.63crore to the Japan International Cooperation Agency (JICA). This amount includes the loan amount for Phase – I as well as the interest amount for Phase – I and II.
On Saturday DMRC officials said the JICA had sanctioned a loan of Rs.6434.06crore for Delhi Metro's Phase – I project on an annual interest of 1.30-2.30 per cent. “The loan was received by the DMRC in a total of 6 tranches. Phase – I comprised of 65 km and was completed in 2002 with a total completion cost of Rs.10,571crore out of which 60 per cent was financed by JICA,” said a DMRC spokesperson. The total cost for Phase – II is approximately Rs.20,000 crore and JICA is financing 49.19 per cent of this project. For DMRC's Phase – II JICA has sanctioned a loan amount of Rs.9686.69 crore to be paid in 5 tranches on an annual interest of 1.20-1.40 per cent. Till date 4 tranches have been paid to DMRC. Phase-II comprises 124.61 kms and will be completed by September 2010 before the Commonwealth Games.
“The DMRC started paying back the loan for Phase – I (1st tranche) and the interest amount in the year 2007. The total loan paid back for Phase – I is Rs.95.83crore and the interest on the loan amount for both Phase – I and II has been paid back to the tune of Rs.471.73crore,” said the spokesperson.
The loan payback period for both Phase – I and II is 30 years with a moratorium of 10 years. Hence, DMRC can pay back the loan for Phase – I by 2035 and for Phase – II by 2040.
“After completion of Phase – I and II Delhi Metro will have a total network of over 190 kms covering the Delhi and NCR regions. Phase – II is also crucial to the city of Delhi from the point of view of the Commonwealth Games because the Metro link will be connecting 10 out of a total of 11 Commonwealth Games venues,” the spokesperson said.
The Hindu : Cities / Delhi : Delhi Metro pays back loan to Japanese agency ALREADY PAID
japnese are investing in fruits in Gb and remember one thing govt of pakistan support to gilgit baltistan in apricot fruit made pakistan 3rd largest producer of Apricot in world , most probably japnese wants to give assistance in other fruits production cz Gilgit Baltistan;s huge area is empty and uncultivated too ,,and japan it self is 7 largest producer of apricot in world
these are 2008 figures /
OK,pakistan will also payback the loan, are you happy now??
can you give me any source,according to wiki,pakistan is/was 6th in 2009