Korea Exim Bank Extends Rs 4,100 crore Loan for Vizag Metro

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.

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