India’s metro rail expansion over the last two decades has, for the most part, been financed through soft loans from Japan. File photo: MintThe next phase of the Delhi Metro expansion will, in all likelihood, not be funded by Japan. “When Delhi Metro began in the 1990s, the technology was nascent and support was required. India’s metro rail expansion over the last two decades has, for the most part, been financed through soft loans from Japan. Delhi Metro spokesperson Anuj Dayal said that a final approval for 104-km long Phase-IV of the project is pending with the ministry of urban development.

Source: Mint September 07, 2017 17:37 UTC