ADB approves $500 million loans for metro rail lines in Bengaluru

NewsBharati    09-Dec-2020 13:13:45 PM
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New Delhi, December 08: In a major development, Multilateral lending agency Asian Development Bank (ADB) has approved a $500 million loan to construct new metro rail lines in Bengaluru, Karnataka.
 
 
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Noting that Bengaluru Metro Rail Project will establish two new metro rail corridors to augment an efficient and safe transportation system they approved the loan.
 
ADB Senior Transport Specialist for South Asia Kaoru Kasahara, “This will enhance the economy, improve the urban environment, and make the city more livable. The project supports the urban transformation of Bengaluru city through a multidimensional approach of urban public transport and urban development. The new metro lines will ease daily travel of commuters and decongest traffic across the city, contributing to overall productivity.”
 
He further added that “The project will provide efficient, punctual, and safe transportation in the city and promote a clean urban environment.”
 
An additional $2 million technical assistance grant from ADB will help the state government formulate urban development plans and their implementing frameworks, focusing on transit-oriented development and multimodal integration. This will also strengthen the capacity of the Bangalore Metro Rail Corporation Limited and other state agencies to implement transit-oriented development and multimodal integration.
 
The project will construct two new metro lines, mostly elevated, with a total length of 56 km along Outer Ring Road and National Highway 44 between Central Silk Board and Kempegowda International Airport.
 
It will also establish 30 metro stations, which will include multimodal facilities such as bus bays, taxi stands, motorcycle pools, and pedestrian walkways and bridges. The needs of vulnerable groups like the elderly, women, children, and differently-abled persons will be integrated in the design of the facilities.
 
This will also strengthen the capacity of Bangalore Metro Rail Corporation Ltd and other state agencies to implement transit-oriented development and multi-modal integration.
ADB has also approved another $300 million to strengthen primary health care in urban areas across the country.