Question: Name the country’s first metro project which is funded under the Indo-German partnership?
(a) Jaipur Metro Project
(b) Kanpur Metro Project
(c) Nagpur Metro Project
(d) Lucknow Metro Project
Ans (c)
Related facts:
- On 1 April 2016 Indian Government has signed an agreement with German Government’s Development Bank KfW which will provide a loan assistance of EUR 500 million (about Rs.3,750 cr) for the modern and sustainable metro system for Nagpur city being executed by Nagpur Metro Rail Corporation Limited (NMRCL).
- Costing Rs.8,680 cr (EUR 1,240 million), Nagpur Metro is the first metro to be financed under the Indo German partnership for clean, socially inclusive and climate friendly mobility for people in cities.
- The loan period is 20 years with a moratorium of five years and disbursal will be based on the progress of the project over three years.
- Sanctioned by the Government of India in August 2014, Nagpur Metro Project envisages two corridors i.e 19.70 km North-South section from Automotive Square to Khapri and 18.60 km long line between Prajapati Nagar and Lokmanya Nagar.
- Physical works commenced in May, 2015 and the whole Metro would be operational by March, 2019.
Reference:
http://pib.nic.in/newsite/PrintRelease.aspx?relid=138489
http://articles.economictimes.indiatimes.com/2015-09-17/news/66642276_1_kfw-germany-loan-proposal-nagpur-metro-rail
http://viratpost.com/business/germany-will-get-a-loan-of-500-million-euros-from-the-nagpur-metro/65136.html