Korea Exim Bank has come forward to extend a Rs 4,100 crore loan for Visakhapatnam (VIZAG) Metro Rail project
The state government had earlier sent a proposal in this regard to the Central government, which in turn forwarded it to Korea Exim Bank. Following this, the Bank deputed a team to Amaravati to hold talks with the state government.
Source- The Indian Express
Static/Current Takeaways Important For LIC AAO Mains Exam:
- Korea Exim Bank Headquarters in: Seoul, Founded in: 1976, Chairman and President: Sung-soo Eun.