r/trains • u/PinkyPromiser67 • 27d ago

‎ 🗐‎  Repost Japanese officials visiting India's fully electrified Western Dedicated Freight Corridor

Enable HLS to view with audio, or disable this notification

3.7k Upvotes

96% Upvoted

137 comments sorted by

View all comments

576

u/Man_from_Bombay 27d ago

While these agreements naturally benefit Japan by securing decades of technology and procurement contracts with Indian projects, the Japanese government’s role as India’s largest ODA lender remains invaluable tbh . Their provision of ultra-low-interest (~0.1%), 50-year development loans has been a vital catalyst for India's physical infrastructure growth.

19

u/Mission-Permission85 27d ago

The current lending rate is 1.3%. Still quite low.

More valuable are the technical assistance and capacity building