ADB agrees $500m loan to expand metro rail network in Bengaluru
The Asian Development Bank has approved a $500 million loan to construct new metro rail lines in Bengaluru, India.
The project will build two new metro lines, mostly elevated, with a total length of 56km along Outer Ring Road and National Highway 44 between Central Silk Board and Kempegowda International Airport. It will also establish 30 metro stations which will include multimodal facilities, such as bus bays, taxi stand, motorcycle pools, and pedestrian walkways and bridges.
An additional $2 million technical assistance grant from ADB will help the state government formulate urban development plans and their implementing frameworks, focusing on transit-oriented development and multimodal integration. This will also strengthen the capacity of the Bangalore Metro Rail Corporation Limited and other state agencies to implement transit-oriented development and multimodal integration.
