Date of Post : 02 Mar 2019
The Multilateral development agency : ADB (Asian Development Bank) will provide USD 926 million (around Rs 6,500 crore) to operationalise 2 lines of the Mumbai Metro Rail System, said an official statement.
- The agreement was signed between ADB(Asian Development Bank) and the central government .
- The 2 lines are expected to ease the distress of millions of commuters each day and help to provide a cleaner, and less congested city.
- This shall be the single largest infrastructure project loan in ADB history – approved by the ADB(Asian Development Bank) Board on February 26 .
- It will help to fund lines 2A , 2B and Line 7
- This shall total to be about 58 kilometers (km)
- The project will be utilized towards financing of 63 six-car trains ( awarded to BEML ) , signalling and safety systems & will help to establish a new dedicated metro operations to manage the entire metro network in Mumbai.
- An estimated 2 million passengers a day will use the 2 new lines, travelling in improved safety and comfort by the end of 2022.
- With carbon dioxide emissions expected to fall by about 1,66,000 tonnes a year , it will also reduce emissions from vehicles.
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