Categories: Business

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

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

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.