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The Asian Development Bank will grant a loan of USD 500 million to enhance Bengaluru’s metro rail network by building two new metro lines totalling 56 kilometres.
On Thursday, the Indian government and the Asian Development Bank signed an agreement in this respect. Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs, and Takeo Konishi, Country Director of ADB’s India Resident Mission, signed the agreement for the Bengaluru Metro Rail Project.
According to ADB, the project will build two additional metro lines with 30 stations between Central Silk Board and Kempegowda International Airport, primarily elevated, along Outer Ring Road and National Highway 44 between Central Silk Board and Kempegowda International Airport.
This article first appeared on www.metrorailnews.in
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