Question: For how much amount a loan agreement was signed between Government of India and European Investment Bank (EIB) for Bangalore Metro Rail Project Phase II Line R6?
(a) 250 million Euros
(b) 275 million Euros
(c) 300 million Euros
(d) 350 million Euros
Answer: (c)
Related Facts:
- On October 5th, 2017, Government of India and European Investment Bank (EIB) signed the Finance Contract for lending of € 300 million for Bangalore Metro Rail Project Phase II Line R6.
- Bangalore Metro Rail Project Phase II is to be jointly financed by the European Investment Bank (€500 million) and Asian Infrastructure Investment Bank (€300 million).
- The project envisages extension of East-West & North-South lines for Bangalore Metro Rail.
- It includes a total length of 72.095 km (13.79 km underground) and 61 stations with 12 underground stations.
- The project implementation period is 5 years from date of commencement of the Project.
Reference:
http://pib.nic.in/newsite/PrintRelease.aspx?relid=171409
http://www.eib.org/infocentre/press/releases/all/2017/2017-265-record-eib-loan-in-india-eur-500m-for-bangalore-metro
http://www.abplive.in/india-news/european-investment-bank-to-provide-eur-500-million-for-metro-in-bengaluru-589271?ani