23 December 2016 Current Affairs: Indian Railways, National High Speed Rail Corporation and Japan International Cooperation Agency (JICA) on 21 December 2016 signed a Memorandum for General Consultancy.
Under the tripartite consultancy agreement, JICA promotes smooth implementation of the Mumbai-Ahmedabad High Speed Railway Project.
Highlights of the Memorandum for General Consultancy : The general consultancy involves providing design and bidding assistance for the public works and systems required for the construction of the project.
The JICA will bear the cost of general consultancy up to 2020.
The memorandum is an outcome of the Japan-India Summit level talks in December 2015.
Mumbai-Ahmedabad High Speed Railway Project : It is India’s first high speed railway line project.It is a 508 km line project linking Mumbai and Ahmedabad.
Out of the total project cost of Rs 97636 crore, Japan offered an assistance of over Rs 79000 crore.
The project is expected to be completed by 2023.
Apart from the general consultancy, Japanese agencies will be involved in a wide range of other services like human resource training, technology transfer, etc.
Japan International Cooperation Agency : It is a governmental agency of Japan that coordinates the official overseas development assistance.
It has 4 missions viz., addressing the global agenda, reducing poverty through equitable growth, improving governance and achieving human security.
To achieve these missions the JICA follows 4 strategies viz., integrated assistance, seamless assistance, promoting development partnerships and enhancing research and knowledge-sharing. It is playing a key role in strengthening bilateral relations between India and Japan.
In India, the JICA is actively involved in infrastructure development and poverty alleviation programmes.
JICA is providing assistance to realize Japan-India cooperation such as the Delhi-Mumbai Industrial Corridor (DMIC) and the Chennai-Bengaluru Industrial Corridor (CBIC).It is involved in strengthening Japan-India academic-industry networks and human resources development for industries such as manufacturing.
JICA is extending its assistance to contribute to stronger relations between Japan and India.