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Japan to give fresh infra loan of $22.6 billion to India

Phnompeh, Nov20:  Japan will give a fresh loan of about $22.6 billion for the second phase of Dedicated Freight Corridor and an infrastructure project in South India,  Prime Minister Yoshihiko Noda today told his Indian
PTI November 20, 2012 17:26 IST
PTI
Phnompeh, Nov20:  Japan will give a fresh loan of about $22.6 billion for the second phase of Dedicated Freight Corridor and an infrastructure project in South India,  Prime Minister Yoshihiko Noda today told his Indian counterpart Manmohan Singh as they met here, making up for an opportunity lost a few days ago.



Singh, while welcoming the announcement of loan, emphasised to Noda that India's priority was investments by Japanese companies in infrastructure projects like Delhi Metro Rail, which was a “fine example” other cities want to emulate.

The two leaders were to meet in Tokyo on November 16 during Singh's scheduled three-day visit beginning November 15 for annual Summit. However, the visit was cancelled just a day ahead in view of sudden political developments in Japan with Noda deciding to announce elections.