Maharashtra says infra projects funded by Japan won't be affected
The Maharashtra government Monday said that the state's infrastructure projects funded by Japan International Cooperation Agency would not be affected against the backdrop of the agency reportedly stopping fund release for the Mumbai-Ahmedabad bullet train corridor.
Several of these farmers have approached Gujarat High Court. Additional Chief Secretary (Finance) U P S Madan said Monday that land acquisition for Maharashtra projects funded by JICA has been "almost completed" and, therefore, it was "unlikely" that funding would stop for them.
He claimed that land acquisition for these projects had been done as per rules. These projects are big-ticket ones running into several thousand crores each and a delay in funding could hit completion deadlines, another official from the state's Finance department said.
The Mumbai-Ahmedabad High-Speed Rail project is being executed by the National High-Speed Rail Corporation Limited, a special purpose vehicle of the Railways and the governments of Maharashtra and Gujarat.