European Investment Bank to provide EURO 500 million to Bangalore Metro - EasternEye

European Investment Bank to provide EURO 500 million to Bangalore Metro


In a recent press statement, the European Investment Bank (EIB) stated that they will provide EUR 500 million to support the construction of 18 new stations Rapid Transit line in Bengaluru and the purchase of 96 train cars for use on the line. According to the press statement, “The new support for investment by the Bangalore Metro Rail Corporation to improve city transport is the largest ever support for sustainable transport outside Europe and will cut travel times for some journeys from 2 hours today to 15 minutes when the new line is complete.” The loan agreement was formally exchanged…

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