The Centre and Asian Development Bank (ADB) signed a $500 million loan to expand the metro rail network in Bengaluru with construction of two new metro lines totaling 56 km in length. The project will include the construction of two new most elevated metro lines along Outer Ring Road and National Highway 44 between Central Silk Board and Kempegowda International Airport with 30 stations.
An additional $2 million technical assistance grant from ADB will help the state government formulate urban development plans and their implementing frameworks and multimodal integration. The grant will also be used to strengthen the capacity of the Bangalore Metro Rail Corporation Limited and other state agencies to implement these initiatives.
ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.