AfD extends Rs.1500 Crore Sovereign Loan to Bangalore Metro

Bangalore: Agence Francaise Development (AfD) and Bangalore Metro Rail Corporation (BMRCL) signed a project agreement for a Euro 200 million (Rs 1500 crore) sovereign loan.

AfD’s largest loan so far in India will be utilised to finance the four extension lines – East-West and North South corridors viz Mysore road to Kengeri, Byappanahalli to Whitefield, Puttenahalli to Anjanapura and Nagasandra to BIEC.