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Bangalore Metro project gets EUR 300 million from European Investment Bank

India will get EUR 300 million from European Investment Bank (EIB) for financing Bangalore Metro Rail Project Phase II- Line R6, according to finance ministry. Bangalore Metro Rail Project Phase II is to be jointly financed by the European Investment Bank (EUR 500 million) and Asian Infrastructure Investment Bank (EUR 300 million). The first tranche of EUR 300 million was signed recently.

 

The project is to be completed in five years from the date of commencement of work. The finance ministry stated that the project aims to ensure modern transport facility for the commuters, as per reports.

 

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