The recent earthquake that rattled japan and tsunami that followed has led to quite a financial loss to the country. It is being thought that the japan financial institutions will take out money from overseas to help Japan rebuilt what has been lost. Delhi projects would also be affected by this take out.
For instance, Delhi's Metro Third phase expansion plan and the yamuna action plan 3 depends on the assistance being provided by Hapan International Coperation Agency(JICA) that has made a vehicle for providing financial aid to these projects.
Credit Suisse has estimated that the earthquake would incur a loss of $183 billion to japan or will shed 1% of Japan's GDP, this is the amount equivalent 60% of India's total foreign exchange reserves.
Last month Japan provided a loan suport of Rs 2556 crores to three projects in india. So far JICA official have no clear answer what will future aid will be by Japan which in itself requires money for carrying the rebuild process.
The recent earthquake that rattled japan and tsunami that followed has led to quite a financial loss to the country. It is being thought that the japan financial institutions will take out money from overseas to help Japan rebuilt what has been lost. Delhi projects would also be affected by this take out.For instance, Delhi's Metro Third phase expansion plan and the yamuna action plan 3 depends on the assistance being provided by Hapan International Coperation Agency(JICA) that has made a vehicle for providing financial aid to these projects.Credit Suisse has estimated that the earthquake would incur a loss of $183 billion to japan or will shed 1% of Japan's GDP, this is the amount equivalent 60% of India's total foreign exchange reserves.Last month Japan provided a loan suport of Rs 2556 crores to three projects in india. So far JICA official have no clear answer what will future aid will be by Japan which in itself requires money for carrying the rebuild process.
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