Signing of Exchange of Notes on Japanese Grant Aid to India (‘Project for Implementation of Advanced Traffic Information and Management System in Core Bengaluru’)
2017/12/20
1. The Exchange of Notes on Japanese Grant Aid (amounting to JPY 1.276 billion, approximately INR 72.86 crore, in total) for the Project for Implementation of Advanced Traffic Information and Management System in Core Bengaluru, were signed in New Delhi on December 20th, 2017, between Mr. Kenji Hiramatsu, Ambassador of Japan to India, and Mr. S. Selvakumar, Joint Secretary, Department of Economic Affairs, Ministry of Finance, Government of India.
2. This Project will install an Advanced Traffic Information and Management System, including signaling system and traffic congestion length measurement sensor, in Core Bengaluru, in the state of Karnataka. It is expected that this grant aid will contribute to strengthening connectivity and industrial competitiveness of local economy by improving traffic congestion and urban environment. Especially, in 2022, three years after the completion of this project, this new system will help reduce congestion length, currently reaching 550 meters at longest, by 30 % at interchange facing heavy congestion, and contribute to enhancing the convenience of urban transportation and revitalizing the local economy.
In addition, this new system in Bengaluru city will utilize the advanced technology provided by Japan. This grant aid is therefore expected to raise the level of awareness about ‘Japanese transportation system’ in Bengaluru and contribute to the expansion of Japanese companies in the Indian market.
2. This Project will install an Advanced Traffic Information and Management System, including signaling system and traffic congestion length measurement sensor, in Core Bengaluru, in the state of Karnataka. It is expected that this grant aid will contribute to strengthening connectivity and industrial competitiveness of local economy by improving traffic congestion and urban environment. Especially, in 2022, three years after the completion of this project, this new system will help reduce congestion length, currently reaching 550 meters at longest, by 30 % at interchange facing heavy congestion, and contribute to enhancing the convenience of urban transportation and revitalizing the local economy.
In addition, this new system in Bengaluru city will utilize the advanced technology provided by Japan. This grant aid is therefore expected to raise the level of awareness about ‘Japanese transportation system’ in Bengaluru and contribute to the expansion of Japanese companies in the Indian market.