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India, ADB sign $500 million loan to expand Metro Rail Network in Bengaluru

Sumit Arora Published On August 24th, 2021 Leave a comment

Asian Development Bank (ADB) and the Government of India have signed a $500 million loan to expand the metro rail network in Bengaluru with the construction of two new metro lines totalling 56 km in length. The project will construct two new metro lines, mostly elevated, along Outer Ring Road and National Highway 44 between Central Silk Board and Kempegowda International Airport with 30 stations.

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The new metro lines will further strengthen safe, affordable and green mobility in Bengaluru, having a positive impact on enhancing the quality of life, sustainable growth in urban habitat and livelihood opportunities.

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President of ADB: Masatsugu Asakawa; Headquarters: Manila, Philippines.

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Sumit Arora

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As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.