Bangalore Metro Rail Signs Loan Agreement Of 300 Million With European Investment Bank For Funding Reach-6 Of Phase 2 Project

Date Of Post: 17 Jan, 2018 Bangalore: The EIB (European Investment Bank) has agreed to lend 500 million in two tranches, for funding Reach 6 (Gottigere-Nagavara) of Phase 2 of the Bangalore Metro Rail. AIIB (Asian Infrastructure Investment Bank) will co-finance with EIB for 300 million. Thus the total loan…

BMRCL Submits Detailed Proposal Of Metro Route From Nagawara To Kempegowda International Airport (KIA) To Centre

Date Of Post: 10 Jan, 2018 Bangalore: The BMRCL has formally submitted a detailed proposal to the Centre asking it to fund 10% of the cost of two of its crucial projects: the Metro route from Nagawara to the Kempegowda International Airport (KIA) & the Outer Ring Road (ORR) route.…

First Set Of New Metro Coaches Manufactured By BEML To Be Delivered To BMRCL In January-end 2018

Date Of Post: 22 Dec, 2017 Bangalore: The BMRCL to receive the first set of intermediate cars manufactured by Bharat Earth Movers Limited (BEML) in the last week of January 2018, it said. On Thursday, Mahendra Jain, MD, BMRCL (Bangalore Metro Rail Corporation Ltd.), inspected the facility manufacturing new cars,…

Asian Infrastructure Investment Bank (AIIB) Approves $335 Million Loan To Finance Bangalore Metro Rail Project

Date of Post: 13 Dec, 2017 Bangalore: The AIIB (Asian Infrastructure Investment Bank) said it has approved a $335 million loan to finance a 100% electric metro rail project in Bangalore. AIIB’s First Metro Project Investment in the Bangalore Metro Rail Project—Reach 6 (R6) is AIIB’s first metro project and…

Bangalore Metro Update: Karnataka Cabinet Approves Rs 5,950 Crore Metro Rail Project From Nagavara-Kempegowda International Airport

Date Of Post: 12 Dec, 2017 Bengaluru: The Karnataka cabinet gave its approval to a Rs 5,950 crore project for providing metro rail connectivity to the international airport on the city outskirts. The 29.62 km Metro project that will connect Nagavara & Kempegowda International airport will have 7 stations. The…

Pradeep Singh Kharola Takes Charge As Chairman & Managing Director (CMD) Of Air India & Mr. Mahendra Jain Takes Charge As MD, BMRCL

Date of Post: 11 Dec, 2017 New Delhi: Senior IAS officer Pradeep Singh Kharola on Monday took charge as the Chairman & Managing Director (CMD) of Air India. Kharola assumed charge from Rajiv Bansal. Shri Mahendra Jain IAS, ACS UDD took charge as MD, BMRCL from Mr Pradeep Singh Kharola.…

Bangalore Metro Rail Invites Tenders For Automatic Fare Collection System For Phase-II

Date of Post: 12 Oct, 2017 Bangalore: Bangalore Metro Rail Corporation Limited (BMRCL), invites Tenders for the Work of “Design, Manufacture, Supply, Installation, Testing and Commissioning of Automatic Fare Collection (AFC) System for Phase-II”. The Scope of the work is Design, Manufacture, Supply, Installation, Testing & commissioning of Automatic Fare…

Bangalore Metro Update : European Investment Bank (EIB) Signs a Finance Contract to Lend €300 million For Second Phase of Bangalore Metro

Date of Post: 06 Oct, 2017 On Thursday October 05, 2017, the European Investment Bank (EIB) signed a finance contract with the government to lend €300 million for the second phase of the Bangalore Metro Rail Project. Image Credit FINANCING THE SECOND PHASE EIB and Asian Infrastructure Investment Bank will…