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Japan Bank for International Cooperation is mandated to undertake lending and other operations for the promotion of Japanese exports, imports and economic activities overseas; for the stability of international financial order; and for economic and social development as well as economic stability in the developing economies, thereby contributing to the sound development of the Japanese economy as well as international economy. JBIC operates under the principle that it will not compete with financial institutions in the private sector.
The Loan Agreement (ID-P/111 dated 25-01-1996) executed between the Government of India and the OECF (JBIC) provided for a total project cost for Rs.219.31 crore. Out of this 176 crore could be availed as loan as per the terms and conditions agreed upon .The project implementing agency AHADS has to incur the expenditure initially and then avail the loan as reimbursement from JBIC through the Govt. of India.
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