Published On: Wed, Dec 9th, 2020

Bengaluru Metro Rail Project secures $500m loan from ADB for expansion

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The Asian Development Bank (ADB) has sanctioned a loan of $500 million towards the construction of two new metro rail corridors for the Bengaluru Metro Rail Project in India.

The two new metro lines will be mostly elevated and will have a total length of 56km, covering Outer Ring Road and National Highway 44 between Central Silk Board and Kempegowda International Airport.

As part of the Bengaluru Metro Rail Project expansion, 30 new metro stations will be established. These metro rail stations will have multimodal facilities, pedestrian walkways, and bridges.

Bengaluru Metro Rail Project secures $500m loan from ADB for expansion

Bengaluru Metro Rail Project secures $500m loan from ADB for expansion. Photo courtesy of Pbhattiprolu/Wikipedia.org.

Kaoru Kasahara – ADB Senior Transport Specialist for South Asia, commenting on the Bengaluru Metro Rail Project expansion, said: “This will enhance the economy, improve the urban environment, and make the city more livable. The project supports urban transformation of Bengaluru city through a multidimensional approach of urban public transport and urban development.

“The new metro lines will ease daily travel of commuters and decongest traffic across the city, contributing to overall productivity.

“The project will provide efficient, punctual, and safe transportation in the city and promote a clean urban environment.”

ADB will provide an additional technical assistance grant of $2 million for helping the Karnataka government in formulating urban development plans and their implementing frameworks. The plans will focus on transit-oriented development and also multimodal integration, stated ADB.

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