Close on the heels of committing funding of the ₹30,274 crore Delhi-Meerut rapid rail project, the multi-lateral funding body has agreed to finance four other metro projects in the country, stated ADB Director-General (South Asia) Hun Kim Financing logistics projects will also be a priority for the bank, he added, referring to the Vizag-Chennai and the Chennai-Kanyakumari industrial corridors where ADB is involved in financing preparation of the master plan. Meanwhile, Tamil Nadu is emerging as a major "client" of the bank, which is planning to lend $500 million each for energy projects and the Chennai Metro Phase II. Financing the Chennai and Bengaluru Metro expansion is also under consideration.
📅Published on:
03 May 2019
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