India, Japan Sign Infrastructure Agreements; $50 Billion Allocated for Joint Project

2 de may de 2007

<body><div id="article"><tr><td height="28" valign="middle" width="184"></td><td valign="middle" width="185"></td></tr><h1>India, Japan Sign Infrastructure Agreements; $50 Billion Allocated for Joint Project</h1><p>May 2 (EIRNS)--The visiting Japanese Minister for Land, Infrastructure and Transport, Tetsuzo Fuyushiba, signed a memorandum of understanding on infrastructure development, with Indian Urban Development Minister Jaipal Reddy today, to provide the country with Japan's "technical know-how" in water, sewerage, environment and transport.</p><p>Fuyushiba announced this at a press conference in New Delhi, <i>Kyodo International</i> reported.</p><p>Fuyushiba also met with Indian Railway Minister Lalu Prasad Yadav and agreed that the Japan-backed project to build freight corridors for the Delhi-Mumbai and Delhi-Kolkata routes will be a symbol of cooperation between the two countries.</p><p>A panel of experts will be set up to study works that are necessary for linking the railroads with ports, including the 1,483-kilometer (about 945 miles) Delhi-Mumbai freight corridor which will pass through six states of India.<div class="right_image"><img src="/files/pictures/95f07bad53a2e66b30e3941b442139d6/original.jpg" /></div></p><p>In a joint statement with Lalu Yadav, Fuyushiba expressed Japan's readiness for the feasibility study on the freight corridor projects and said the Japan International Cooperation Agency can submit a final report by October to launch the project possibly in January 2008.</p><p>While the Delhi-Kolkata freight corridor project is still at a preliminary stage, the Manmohan Singh government in India has already allotted $50 billion for the Delhi-Mumbai freight corridor project. The project is expected to begin by the end of this year.</p></div></body>