The Government of India has signed a €340 million (₹3,044.54 crore) loan agreement with German development bank KfW to support Phase 2 of the Bangalore Metro Rail Project. This milestone ensures 100% financial closure for the project.
Additionally, a project agreement was inked between Bangalore Metro Rail Corporation Limited (BMRCL) and KfW Germany to formalize the loan. According to BMRCL, of the total approved senior debt of ₹12,141.14 crore, ₹9,096.60 crore had already been arranged through funding from JICA, AFD, AIIB, and EIB. The KfW loan now completes the external funding requirements for the ambitious metro expansion.
Phase 2 aims to enhance Bengaluru’s public transport network, reduce traffic congestion, and improve connectivity across the city. This development underscores the city’s commitment to sustainable urban mobility solutions.
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