Bengaluru: Japan International Cooperation Agency to provide Rs 3,717 crore loan for Namma Metro

JICA extends ₹3,717 crore loan for developing Metro Phase 2 in Bengaluru

The 80 km rail network for Phase 2, covers Line R6, Phase 2A, and Phase 2B.

Bengaluru: Japan International Cooperation Agency to provide Rs 3,717 crore loan for Namma Metro

Japan International Cooperation Agency (JICA) on Friday signed a loan agreement with the Centre to provide Japanese loan amounting to JPY 52,036 million (approximately Rs 3,717 crore) for the development of Namma Metro’s Phase 2 (R6, 2A and 2B).

JICA to fund second phase of Bengaluru Metro, signs deal for loan of over ₹3717 crore

JICA has supported several metro projects in major cities of India like Delhi, Bengaluru, Chennai, Kolkata, Mumbai and Ahmedabad with loans of around ₹87,000 crore (JPY 1.3 trillion).

Bengaluru Kidnappers Target Rich Nursing Student To Pay Off Debts: Details Inside

Bengaluru: Bengaluru Police arrested four kidnappers who abducted a nursing student and demanded Rs 2 crore from his family. Banaswadi police solved the case within seven hours. Details of the incident are as follows. Rabeez Arafat (22) from the city is doing his MS (Nursing) in the UK. For a while, he stayed in Bangalore post lockdown and has been attending online classes from home. On Thursday afternoon, Rabeez stepped off of his two-wheeler t…