Question
ADB has approved a USD 356.67 million loan for the
expansion of the _______ metro rail system, taking the bank's financing for various projects in India to USD 6.7 billion, making the country its largest beneficiary.Solution
The Beijing-based Asian Infrastructure Investment Bank (AIIB) has approved a USD 356.67 million loan for the expansion of the Chennai metro rail system, taking the bank's financing for various projects in India to USD 6.7 billion, making the country its largest beneficiary. The Chennai project involves the construction of a new corridor in Chennai's metro network as part of its Metro Rail Phase 2. Asian Infrastructure Investment Bank Headquarters: Beijing, China President: Jin Liqun
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