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The DailyIndia.com reports that India and
Japan formalized their agreement to work closely on
urban development by signing a Memorandum of
Understanding in May 2007. The
Japan Bank for International Cooperation (JBIC)
has already loaned over US$1.36 billion for the
Delhi Mass Rapid Transit System and additional
assistance for new corridors under Delhi Metro Phase
II and other metro projects are under discussion.
JBIC is a Cities Alliance member.
Read full article, “India and Japan Ink Pact on
Urban Development:”
http://www.dailyindia.com/show/137773.php/India-Japan-ink-pact-on-urban-development. |
