ADB Backs Rail Project in Indian City

The Asian Development Bank has approved a $250 million loan for the construction of a metro railway system in Bangalore, one of India’s fastest-growing cities.

The loan will go toward the Bangalore Metro Rail Transit System Project. It will partly finance 42.3 kilometers of rail track, rolling stock, stations, and equipment for two key routes in the city.

The overall metro rail project is the first of its kind in South Asia to be funded by ADB. It is expected to reduce road congestion and pollution and provide the city with a safer, faster and more fuel-saving transportation system.

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.