Japan to Fund Rs. 1728 Crs Harbour Project in Mumbai

· Assistance for Mumbai Trans-Harbour Link Project (III) of JPY 30.755 billion Rs. 1,728 crore approx.) and Project for the Establishment of Mizoram State Super-Specialty Cancer and Research Centre of JPY 9.918 billion (Rs. 560 crore approx.)

· Mumbai Trans-Harbour Link Project aims to improve connectivity in Mumbai Metropolitan Region by connecting Mumbai with Navi Mumbai.

The Notes were exchanged on 27 February, 2023 between Mr. Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs, Ministry of Finance, Government of India, and Mr. Suzuki Hiroshi, Ambassador of Japan, to India for Mumbai Trans-Harbour Link Project (III) of JPY 30.755 billion Rs. 1,728 crore approx.) and Project for the Establishment of Mizoram State Super-Specialty Cancer and Research Centre of JPY 9.918 billion (Rs. 560 crore approx.).

Mumbai Trans-Harbour Link Project aims to improve connectivity in Mumbai Metropolitan Region by connecting Mumbai with Navi Mumbai, thereby contributing to mitigation of traffic congestion and promoting regional economic development. This is tranche-III loan for the project.

Project for the Establishment of Mizoram State Super-Specialty Cancer and Research Centre aims to improve access to cancer prevention, detection, and treatment as well as human resource development and research that support cancer control system, thereby contributing to achieving Universal Health Coverage through strengthening the healthcare system pertaining to cancer in the state.

India and Japan have had a long and fruitful history of bilateral development cooperation since 1958. In the last few years, the economic cooperation between India and Japan has steadily progressed. This further consolidates and strengthens the Strategic and Global Partnership between India and Japan.