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| India, ADB sign $500 million loan agreement to expand Metro Rail Network in Bengaluru | Daily Current Affairs Dose |
Our Daily Current Affairs Dose 2021 will help you to crack the General Awareness section of Banking Insurance SSC Railway UPSC and all government jobs exams.
India, ADB sign $500 million loan agreement to expand Metro Rail Network in Bengaluru | Daily Current Affairs Dose
The Government of India and the Asian Development Bank (ADB) signed a $500 million loan agreement to expand the metro rail network in Bengaluru with construction of two new metro lines totaling 56 km in length.
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The Agreement Signed by
The signatories to the agreement for Bengaluru Metro Rail Project were Mr. Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs in the Ministry of Finance who signed for the Government of India, and Mr. Takeo Konishi, Country Director of ADB’s India Resident Mission who signed for ADB.
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India, ADB sign $500 million loan agreement to expand Metro Rail Network in Bengaluru: Key Highlights
The project will construct two new metro lines, mostly elevated, along Outer Ring Road and National Highway 44 between Central Silk Board and Kempegowda International Airport with 30 stations. This will help decongest traffic in the city area and provide seamless connectivity to the airport. The needs of vulnerable groups, such as the elderly, women, children, and differently abled persons, will be reflected on the metro facilities.
Important facts for upcoming exams from the above Current Affairs Topic
- Formation of Asian Development Bank (ADB): 19 December 1966
- Type of Asian Development Bank (ADB): Multilateral Development Bank
- Headquarters of Asian Development Bank (ADB): Manila, Philippines
- President of Asian Development Bank (ADB): Masatsugu Asakawa
- How many countries are members of Asian Development Bank?: 68 countries
Important facts for upcoming exams from the above Current Affairs Topic: Karnataka
- Formation of Karnataka: 1 November 1956 (as Mysore State)
- Capital of Karnataka: Bangalore
- Largest City of Karnataka: Bangalore
- Total Districts in Karnataka: 31
- Governor of Karnataka: Thawarchand Gehlot
- Chief Minister of Karnataka: Basavaraj Bommai
- Total Assembly Constituencies in Karnataka: Bicameral Council (75 seats), Assembly (224 seats)
- Parliamentary Constituency in Karnataka: Rajya Sabha (12 seats), Lok Sabha (28)
- Total Population of Karnataka (2011): 61,130,704
- Official Language of Karnataka: Kannada
- Regional Languages of Karnataka: Tulu, Kodava, Konkani
- Literacy in Karnataka (2011): 75.36%
- Sex Ratio in Karnataka (2011): 973 ♀/1000 ♂
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