1.
Japan will undertake, June 12 onwards, the feasibility
study on the development of multimodal, high-axle
load, dedicated freight corridors for the Delhi-Mumbai
and Delhi-Howrah rail routes with computerized
control. This feasibility study will be implemented
as a follow-up to the Japan-India Joint Statement
issued on the occasion of the Prime Minister of
Japan, Mr. Junichiro Koizumi’s visit to India in
April last year.
2.
On the basis of the result of this feasibility
study, Japan will examine specific modality of
cooperation by ODA, including the possibility of
financing to the construction of freight corridors
for the Mumbai-Delhi and Delhi-Howrah rail routes
(total length: about 2,800 km), as well as the
possibility of applying the Special Term for Economic
Partnership (STEP) of yen loan, as referred to
in the Japan-India Joint Statement.
3.
Commensurate with the robust economic growth, the
augmentation of freight capacity in India is very
much needed. Thus, enhancement of efficient transport
and distribution system of goods is now imminent
priority item even among various infrastructure
development requirements, to which India gives
high priority. Hence, this feasibility study is
expected to contribute to the enhancement of efficient
transport and distribution system of goods, promotion
of economic activities, as well as improvement
of the investment climate in India.
