JICA has provided soft loans of 374.7 billion yen (Rs 236,75crore) with a 30-year repayment period and interest rates varying between 1.2% and 2.4%.
However, the Japanese government agency is not likely to continue the assistance programme for Delhi Metro after the Phase III.
The total expected loan size of 378 billion yen for the Phase III is higher than the first two phases combined also because the Phase III alone is 136 km in total length, while Phase I & II combined were about 190 km.
JICA, which has the largest exposure to India in all its development finance programmes, has lent 3.7 trillion yen to the country since the start of the relationship in 1958 and 2012. The agency, which is also financing urban metro rail projects in Mumbai, Bangalore, Chennai and Kolkata apart from energy and water treatment plants, saw its loan commitments touch a peak of 349 billion yen in FY13.