** JICA extends ₹3,717 crore loan for developing Metro Phase 2 in Bengaluru

Japan International Cooperation Agency (JICA) has signed an agreement with the Government of India, to provide Japanese (ODA) loan amounting to Japanese Yen 52,036 million(approximately ₹3,717 crore) for the development of Phase 2 of ‘R6, 2A and 2B’ of Bangalore Metro Rail Corporation Limited (BMRCL)in Bengaluru.

In March 2006, the first Japanese ODA loan agreement was signed by JICA for BMRCL Phase 1.

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