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India & ADB Signed Loan Agreement for Metro Rail Network in Bengaluru

Published on August 21, 2021
Current Context: India and Asian Development Bank signed a loan agreement to enhance the metro rail network in Bengaluru.
  • The ADB will grant the loan support of USD 500 million for the same.
  • The enhancement in Bengaluru’s metro rail network will be made by constructing two new metro lines of 56 kilometers with the help of this loan
  • Under the project, 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 will be developed
  • This will provide easy access to the airport to the community of the city
  • The project will also benefit to manage the increasing traffic in the city.
  • The loan amount will also be used to enhance capacity of the Bangalore Metro Rail Corporation Limited and other state agencies

Question: 

Ques:1: Which financial organization granted a loan of USD 500 million for the enhancement of the metro rail network in Bengaluru?
a. World Trade Organisation
b. World Bank
c. New Development Bank
d. Asian Development Bank
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