Press Information Bureau

Government of India

Ministry of Finance

16-March-2012 14:18 IST

Delhi-Mumbai Industrial Corridor Receives Us $ 4.5 Billion from Japan

While presenting the General Budget 2012-13 in LokSabha here today, the Union Finance Minister, ShriPranab Mukherjee informed that the Japanese Prime Minister has announced US $ 4.5 billion for the Delhi-Mumbai Industrial Corridor (DMIC). In September last year, the Government approved Central assistance to the tune of Rs. 18,500 crore for a period of five years for the project, the Minister added. The DMIC is being developed on either side of the Western Dedicated Rail Freight Corridor. DSM/MV/LMP/56

Infrastructure financing secures international loan support to advance industrial corridor development under a central assistance framework. Japan has committed external loan funding to support development of the Delhi-Mumbai Industrial Corridor, complementing earlier central assistance approved by the Government of India for a multi year period to accelerate works planned alongside the Western Dedicated Rail Freight Corridor.