The Notes were exchanged today between Mr. Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs, Ministry of Finance, Government of India, and Mr. Suzuki Hiroshi, Ambassador of Japan, to India for Mumbai Trans-Harbour Link Project (III) of JPY 30.755 billion Rs. 1,728 crore approx.) and Project for the Establishment of Mizoram State Super-Specialty Cancer and Research Centre of JPY 9.918 billion (Rs. 560 crore approx.).

Mumbai Trans-Harbour Link Project aims to improve connectivity in Mumbai Metropolitan Region by connecting Mumbai with Navi Mumbai, thereby contributing to mitigation of traffic congestion and promoting regional economic development. This is tranche-III loan for the project.

Project for the Establishment of Mizoram State Super-Specialty Cancer and Research Centre aims to improve access to cancer prevention, detection, and treatment as well as human resource development and research that support cancer control system, thereby contributing to achieving Universal Health Coverage through strengthening the healthcare system pertaining to cancer in the state.

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.

Official Development Assistance expands infrastructure and health financing after exchange of loan notes, enhancing connectivity and cancer care. Exchange of Notes formalized Official Development Assistance (ODA) loan financing from Japan to India for two projects: a tranche III loan for the Mumbai Trans Harbour Link Project to improve connectivity and regional economic development, and financing for the Mizoram State Super Specialty Cancer and Research Centre to expand access to cancer prevention, detection and treatment, and to strengthen related human resource development and research.