Japan injects 316-bn yen in NE infra projects

    infra projects
    In a major boost to the infrastructure sector in the North East, India and Japan have agreed for a provision of worth 316.458 billion yen loan related to three projects in the region, including renovation of a hydel power station in Meghalaya, said an official spokesperson, claiming that Kenji Hiramatsu, ambassador of Japan to India, and Sujan R. Chinoy, ambassador of India to Japan, have finalized mandatory provisions concerning the loan related to seven projects, of which three are in the Northeast. These exchanges were carried out in the presence of Japanese Prime Minister, Shinzo Abe and Prime Minister Narendra Modi in Tokyo following the Japan-India Summit meeting. Japan had agreed to provide loan of up to 5.497 billion yen to renovate a hydroelectric power station to contribute to the promotion of renewable energy in Meghalaya under the ―Project for Renovation and Modernization of Umiam-Umtru Stage-III Hydroelectric Power Station‖. This loan will also help in carrying out renovation of two units of the Umiam-Umtru stage-III hydroelectric power station in the river basin of the Umiam River and Umtru River. The second loan up to 25.483 billion yen would be given to construct a bridge under the ―North East Road Network Connectivity Improvement Project (Phase 3). The bridge will help connect Dhubri in Assam to Phulbari in Meghalaya covering a length of about 20 km.
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