India, European Investment Bank sign finance contract of Euro 250 million for Agra Metro project

India, European Investment Bank sign finance contract of Euro 250 million for Agra Metro project

Dear Aspirants, EducationBro is here with a Daily Current Affairs Dose. In this session, we will make the candidates aware of the daily current affairs topics, which will improve their general awareness, while also taking care that the candidates should not have any shortage of trending current affairs related to any country and abroad. Today’s Current Affairs topic is India, European Investment Bank sign finance contract of Euro 250 million for Agra Metro project.

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India, European Investment Bank sign finance contract of Euro 250 million for Agra Metro project

The Government of India (GoI) and European Investment Bank (EIB) signed a Finance Contract for the first tranche loan of Euro 250 million for the Agra Metro Rail Project.

Background

Prime Minister Narendra Modi had inaugurated construction work of Agra Metro project in Agra, Uttar Pradesh, last year through video conference.

India, European Investment Bank sign finance contract of Euro 250 million for Agra Metro: Key Highlights

The European Investment Bank (EIB) had approved a total loan of Euro 450 million to fund the Agra Metro Rail Project. The project aims to provide safe, reliable, affordable and environment friendly public Mass Rapid Transit System for Agra city which will improve mobility and support endeavour for planned urban development in Agra. 

Read Also: INDIA, KFW sign Euro 442.26 million loan agreement for Surat Metro Project | Daily Current Affairs Dose

The financing from European Investment Bank (EIB) will help to fund construction of a 29.4 km metro corridor comprising Corridor-1 from Sikandra to Taj East Gate (14 km) and Corridor-2 from Agra Cantt to Kalindi Vihar (15.4 km) in Agra City. Further, the project will enhance economic productivity of the city and catalyse job creation.

Read Also: India, KFW sign Euro 140 million loan agreement for energy reform programme in Madhya Pradesh

The Ministry of Housing and Urban Affairs is the Government of India’s line ministry for this Project and Uttar Pradesh Metro Rail Corporation Ltd. (UPMRCL) is the implementing agency.

Important facts for upcoming exams from the above Current Affairs Topic

• Statehood Day of Uttar Pradesh: 24 January 1950
• Capital of Uttar Pradesh: Lucknow
• Largest city of Uttar Pradesh: Kanpur
• Total Districts in Uttar Pradesh: 75
• Governor of Uttar Pradesh: Anandiben Patel
• Chief Minister of Uttar Pradesh: Yogi Adityanath
• Deputy Chief Ministers of Uttar Pradesh: Keshav Prasad Maurya and Dinesh Sharma
• Total Assembly Constituencies in Uttar Pradesh: Bicameral Council (100 seats) and Assembly (403 seats)
• Parliamentary constituency in Uttar Pradesh: Rajya Sabha (31 seats) and Lok Sabha (80 seats)
• Official language of Uttar Pradesh: Hindi
• Additional official of Uttar Pradesh: Urdu
• Total Population of Uttar Pradesh (2011): 199,812,341
• Literacy in Uttar Pradesh (2011): 69.67%
• Sex ratio in Uttar Pradesh (2011): 912 ♀/1000 ♂