How much of loan pact with India for Bangalore Metro

Solution

The European Investment Bank (EIB) will lend €300 million for Bangalore Metro Rail Project Phase II Line R6. Bangalore Metro Rail Project Phase II will be jointly financed by the European Investment Bank (€500 million) and Asian Infrastructure Investment Bank (€300 million). The agreement signed today was for first tranche of €300 million. The project envisages extension of East-West and North-South lines for Bangalore Metro Rail which includes a total length of 72.095 km (13.79 km underground) and 61 stations with 12 underground stations.