National High Speed Rail Corporation Limited (NHSRCL), the nodal agency executing the bullet train project in India, has refuted the media reports doing rounds that Japan International Cooperation Agency (JICA), the agency funding the bullet train project, has stopped the funding of the project owing to the farmer agitation in Gujarat and Maharashtra, reported Metro Rail News.
National Herald had earlier claimed that JICA has stopped releasing funds to the project.
NHSRCL has rubbished these reports claiming JICA blocked the funds demanding that the Modi government should first resolve the impending issue with the farmers in Gujarat and Maharashtra.
"In fact, the GoI and JICA have already signed a loan agreement of about 10 billion yen and no payment is pending from JICA as on date," said NHSRCL in a statement.
NHSRCL has said that it is committed to care for the interests of the affected farmers and all reports relating to environment impact assessment, social impact assessment and indigenous people plan have been submitted to JICA.
The central government, in order to solve the issues with farmer, had earlier formed a committee to resolve the outstanding issues.
Also Read: The National Herald Story, Explained
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.