PM Modi’s Bullet Train dream derails after Japan stops funding https://www.nationalheraldindia.com/india/prime-minister-narendra-modis-bullet-train-dream-derails-after-japan-stops-funding Sept 2018
A Finance Ministry official to the media,that JICA has so far released only ₹125 crore, against its agreement to provide nearly ₹80,000 crore for the bullet train project, the cost of which was estimated at ₹ 1 lakh crore. JICA has demanded that the Modi government first settle the farmers’ grievances against the project, claimed an official of the Finance Ministry on the condition of anonymity.
JICA has reportedly taken the decision five days after Anandvardhan Yagnik, an advocate representing farmers in Gujarat High Court, shot off a letter to Japan’s Ambassador to India Kenji Hiramatsu and Chief Representative of JICA India Office, Katsuo Matsumoto, demanding intervention from the agency.
Talking to National Herald over the phone from Ahmedabad, Yagnik said, “Guidelines laid down by JICA categorically say that if any person aggrieved by the land acquisition being carried out on finance from Japan Bank can file a petition formally invoking the guidelines of JICA, and they will depute a team and try to reconcile the situation.”