Monday, December 6, 2021

India, Asian Development Bank sign loan agreement of 500 million dollar to expand metro rail network in Bengaluru

India and the Asian Development Bank have signed a loan agreement of 500 million dollar to expand the metro rail network at Bengaluru in Karnataka. Speaking on the occasion, Additional Secretary, Department of Economic Affairs in the Ministry of Finance, Rajat Kumar Mishra yesterday said, the new metro lines will further strengthen safe, affordable and green mobility in Bangaluru.

The project will construct two new metro lines, along Outer Ring Road and National Highway 44 between Central Silk Board and Kempegowda International Airport with 30 stations. This will help decongest traffic in the city area and provide seamless connectivity to the airport.

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