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JICA agrees to lend `200 bn for DFC

JICA agrees to lend `200 bn for DFC

Japan International Cooperation Agency (JICA) agreed to lend JPY 295 billion (about Rs 20,000 crore) for the two routes in the proposed Dedicated Freight Corridor (DFC) project. The agency would lend this amount under Special Terms of Economic articipation (STEP) between Japan and India. This is a soft loan with the repayment period of 40 years.