ADB clears USD 500-mn for twin metro lines in Bangalore
The Asian Development Bank has approved USD 500 million loans to expand the metro rail network in Bengaluru with the construction of two new metro lines 56 km length. An agreement was signed between the Central government and the ADB for the project which involves the construction of two elevated metro lines along Outer Ring Road and NH 44 between Central Silk Board and Kempegowda International Airport with 30 stations. It will help decongest traffic in the city and provide seamless connectivity to the airport. It supports the urban transformation of Bengaluru city into a more livable and sustainable city through support to urban public transport and urban development with concepts of transit-oriented development (TOD) and multi-modal integration (MMI). Takeo Konishi, Country Director of ADB's India Resident Mission informed that the TOD-based urban development model will target realigning growth and increase the city's economic productivity by creating higher density, compact, mixed-use, mixed-income, safe, and resource-efficient, and inclusive neighbourhoods.
