Home Current Affair March 2019 GoI, ADB sign $926 Million Loan Agreement for Mumbai Metro Rail Project

GoI, ADB sign $926 Million Loan Agreement for Mumbai Metro Rail Project


  • The Government of India (GoI) and Asian Development Bank (ADB) have signed a $926 Million Loan Agreement to operationalize 2 lines for the Mumbai Metro Rail System.
  • It will ease the distress of millions of commuters each day and help provide a cleaner, less congested city.
  • It is the single largest infrastructure project loan in ADB history approved by the ADB Board on 26 February 2019.
  • It will also reduce emissions from vehicles, with carbon dioxide emissions expected to fall by about 166,000 tons a year.

Published On : 02 Mar 2019

Current Affair
Related Content
Jobs by Education
Advertisement
Advertisement