The Exchange of Notes on Japanese Grant Aid for the Project for Implementation of Advanced Traffic Information and Management System in Core Bengaluru, were signed between Mr. S. Selvakumar, Joint Secretary, Department of Economic Affairs, Ministry of Finance, Government of India and Mr. Kenji Hiramatsu, Ambassador of Japan to India, in New Delhi yesterday. 

The Government of Japan has committed Grant Aid of an amount of JPY 1.276 billion (= approx. ₹ 72.86 crore) for the project. This Project will install an Advanced Traffic Information and Management System, including signaling system and traffic congestion length measurement sensor, in core Bengaluru, Karnataka. It is expected that this project will contribute to strengthening connectivity and industrial competitiveness of local economy by improving traffic congestion and urban environment.

India and Japan have had a long and fruitful history of bilateral development cooperation since 1958. In the last few years, the economic cooperation between India and Japan has steadily progressed. This further consolidates and strengthens the Strategic and Global Partnership between India and Japan.

Grant aid agreement enabling installation of an advanced traffic information and management system to improve urban connectivity. An exchange of notes formalised Japanese Grant Aid to fund an Advanced Traffic Information and Management System in core Bengaluru, providing finance for installation of signaling systems and traffic congestion length sensors to reduce congestion and improve the urban environment and local connectivity.