Get latest articles and stories on India at LatestLY.   The Maharashtra government on Tuesday signed a memorandum of understanding with the Asian Development Bank (ADB) for financial assistance of Rs 1,527 crore for phase II of the Nagpur Metro project.
India News | MahaMetro Inks MoU with ADB for Rs 1,527 Cr Financial Aid for Phase-II of Nagpur Metro Project.

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MahaMetro Inks MoU with ADB for Rs 1,527 Cr Financial Aid for Phase-II of Nagpur Metro Project

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The Asian Development Bank on Tuesday announced it will lend Rs 1,527 crore for the Nagpur Metro Rail phase two project. The agreement will be signed between ADB and the Department of Economic Affairs as a sovereign loan, according to a government note.The Maharashtra Metro Rail Corp. has negotiated with the ADB to finance the project in Japanese yen, equivalent to $200 million, to benefit from a lower interest rate regime in the currency.The lo…

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Nagpur Metro: Asian Development Bank To Lend Rs 1,527 Crore For Phase Two Expansion

Nagpur: The Phase 2 of Nagpur Metro got a big boost on Tuesday with the Asian Development Bank (ADB) signing a Memorandum of Understanding (MoU) with Maharashtra Metro Rail Corporation Limited (Maha Metro) to provide financial assistance of Rs 1,530 crore (USD 200 million) for the project. The agreement was formalised at a ceremony held at Vidhan Bhavan in the presence of Chief Minister Devendra Fadnavis. The MoU was signed by Maha Metro Managin…

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Phase 2 project of Nagpur Metro gets Rs 1530 crore boost

The Asian Development Bank will provide financial assistance of Rs 1527 crore to boost the second phase of the Nagpur Metro Rail project. A memorandum of understanding (MoU) signed today at Vidhan Bhavan in the presence of Chief Minister Devendra Fadnavis. Fadnavis said that this project will further accelerate the development of Nagpur city and its surroundings. Mahametro Managing Director Shravan Hardikar and Asian Development Bank Director Mi…

The Live Nagpur

MoU signed between Mahametro and Asian Development Bank for Nagpur Metro Project Phase-2 - The Live Nagpur

The Asian Development Bank (ADB) has pledged Rs15.27bn ($200m) to support the second phase of the Nagpur Metro Rail Project in Maharashtra, India.The post ADB pledges $200m for Nagarpur Metro Phase-II Extension appeared first on Railway Technology.

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ADB pledges $200m for Nagarpur Metro Phase-II Extension

The Ministry of Housing and Urban Affairs (MoHUA), Maha Metro, and Asian Development Bank (ADB) have signed an…

MahaMetro Inks MoU with ADB for Rs 1,527 Cr Financial Aid for Phase-II of Nagpur Metro Project

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