The Asian Infrastructure Investment Bank (AIIB) signed an agreement with the central government to provide loans worth Rs 23 billion for the 13.92 km Dairy Circle-Nagawara underground section of Reach 6 of the Bengaluru metro, Phase II, on June 4, 2019. The funding is a soft loan which will be repaid over a period of 25 years. In addition, the European Investment Bank has also agreed to lend Rs 39 billion in two tranches for the project. Phase II of the Bengaluru metro rail project involves the construction of four extensions and two new lines covering a length of 72.09 km (13.79 km underground and 58.3 km elevated) at an investment of Rs 264.05 billion. The project is expected to be completed in 2024.
LATEST
- [ May 7, 2026 ] April Issue 2026 Ezine Archive
- [ May 7, 2026 ] Cabinet Committee on Economic Affairs approves three rail projects in various states Railways
- [ May 7, 2026 ] Deendayal Port Authority, GH2 Solar sign MoU for exporting liquid green hydrogen Ports & Shipping
- [ May 7, 2026 ] Vikran Engineering commissions 5 MW solar plant under PM-KUSUM Power
- [ May 7, 2026 ] SPML Infra secures Rs 11.28 billion BESS project from NTPC Power
- [ May 7, 2026 ] Andhra Pradesh government grants power distribution licence to Google’s data centre in Visakhapatnam Telecom
- [ May 7, 2026 ] Asit Kumar Mukherjee: Director (Projects), West Bengal Power Development Corporation People
- [ May 7, 2026 ] Sandeep Batra: Executive Director (Planning and EDM), NHPC Limited People
- [ May 7, 2026 ] Debashish Bhattacharya: Additional Director General, Broadband India Forum People
- [ May 7, 2026 ] Abhijeet Sinha: National Programme Director, National Highways for Electric Vehicles People
COPYRIGHT © 2016- 2025 | INDIAN INFRASTRUCTURE