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<h1>India and South Korea Ink Deal for $245 Billion Won Loan to Enhance Nagpur-Mumbai Expressway with Smart Transport Tech.</h1> The governments of India and the Republic of Korea have signed an agreement for an Economic Development Cooperation Fund (EDCF) loan of 245.081 billion Korean Won (approximately Rs. 1,495.68 crore) to implement an Intelligent Transport System on the Nagpur-Mumbai Super Communication Expressway. The project aims to improve traffic and toll management efficiency through advanced systems and technology transfer from Korea. This initiative marks the first EDCF-funded project by Korea in India since their designation as an Official Development Assistance partner in 2016, further enhancing the Special Strategic Partnership established in 2015 between the two nations.