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JICA Extends ODA Loan Of Approx Rs 400 Crore To Introduce Intelligent Transport System
This JICA assisted project aims to construct a modern traffic monitoring/management system to meet the increasing traffic volume, such as mitigation of traffic congestion at the toll gates and reducing the accident rate of Delhi EPE, by introducing ITS, thereby contributing to promote regional socio-economic development
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Japan International Cooperation Agency (JICA) signed an agreement with the Government of India to provide approximately Rs 400 crore (6,870 million Japanese Yen) to introduce Intelligent Transport System (ITS) on Delhi Eastern Peripheral Expressway (EPE).
The ODA loan's conditions are very concessional, i.e. 1.4 per cent interest rate for project activities and 0.01 per cent interest rate for consulting services and 30 years of repayment period (including 10 years of grace period).
This JICA assisted project aims to construct a modern traffic monitoring/management system to meet the increasing traffic volume, such as mitigation of traffic congestion at the toll gates and reducing the accident rate of Delhi EPE, by introducing ITS, thereby contributing to promote regional socio-economic development.
The agreement was signed between Takema SAKAMOTO, Chief Representative, JICA India Office and S. Selvakumar, Joint Secretary, Department of Economic Affairs, the Ministry of Finance, Government of India in New Delhi.
Takema Sakamoto, Chief Representative, JICA India Office said, "The installation of this ITS system on the Delhi EPE, which is currently under construction by the National Highways Authority of India (NHAI), will assist in effectively managing the fast increasing of traffic in the Delhi NCR region. We expect that this project would not only promote regional socio-economic development but also improve the urban environment, through mitigation of traffic jams and decrease of pollution caused by increasing vehicles in the urban area. Also, I hope the Project becomes the show window model to be disseminated in India”
The Project targets to meet increasing traffic volume in metropolitan areas by introducing Advanced Traffic Management System (ATMS) to reduce traffic congestion and accidents and Toll Management System (TMS) to shorten the queues at toll gates. The project targets Delhi Metropolitan Area covering a 135km long tolled access-control highway that starts at Kundli and ends at Palwal.