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

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

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, KFW sign Euro 442.26 million loan agreement for Surat Metro Project.

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

The Government of India and the Germany Development Bank – KFW (Kreditanstalt für Wiederaufbau) signed a Euro 442.26 million loan agreement for Surat Metro Rail project.

The total cost of the project is Euro 1.50 billion, out of which KfW is financing Euro 442.26 million. The project is being co-financed by French Development Agency, AFD (Agence Française de Développemet). The Agreement with AFD for Euro 250 million was signed on 28.01.2021.

Highlights with Details

The 40.35 km Surat Metro project aims to strengthen & augment the transport infrastructure of the Surat urban agglomeration. It will relieve traffic congestion and provide integrate town & Land use planning through Transit-Oriented Development. 

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The Surat Metro project also aims at an integrated multi modal transport system in the influence zone of metro corridor to provide first and last mile connectivity and improved access to the metro system. Further, Solar energy shall be harnessed at both Depots of Surat Metro.

The Surat Metro project is envisaged and planned to have a system and transformational impact in terms of a reliable & safer public transport, reduction in traffic congestion & reduction in long delays on major travel corridors in Surat city and urban area by providing integrated mass public transport system. The project shall have a positive impact on the living standards and environs of the city of Surat.

Important facts for upcoming exams from the above Current Affairs Topic

• Statehood Day of Gujarat: 1 May 1960
• Capital City of Gujarat: Gandhinagar
• Largest City of Gujarat: Ahmedabad
• Total Districts in Gujarat: 33
• Governor of Gujarat: Acharya Dev Vrat
• Chief Minister of Gujarat: Bhupendrabhai Patel (BJP)
• Total assembly constituencies of Gujarat: Unicameral (182 seats)
• Parliamentary constituency of Gujarat: Rajya Sabha (11 seats) and Lok Sabha (26 seats)
• High Court: Gujarat High Court
• Total Population of Gujarat (2011): 60,439,692
• Official Languages of Gujarat: Gujarati
• Additional Official Languages of Gujarat: Hindi
• Literacy Rate of Gujarat (2011): 78.03%
• Sex Ratio in Gujarat (2011): 919 ♀/1000