Which bank will give loan $512 million for Lucknow Metro Project

2016

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Lloyds Banking Group
B	European Investment Bank
C	Bank of China
D	None of the above

Explanation:

Detailed explanation-1: -While the 23-km north-south corridor of the mass rapid transport system (MRTS) in Lucknow is already operational, the east-west corridor will span 11 km. The proposed east-west corridor of the Lucknow Metro Rail project is estimated to cost Rs 4, 265 crore and complete in five years.

Detailed explanation-2: -Lucknow’s Phase 2 project is expected to include a 11.098 km east-west line (Line-2) connecting Lucknow Railway Station (Charbagh) and Vasant Kunj with 12 stations. Other potential Phase 2 lines include the construction of 1 new line and 2 line extensions.

Detailed explanation-3: -Comparing expenses and income, a loss of Rs 329.03 crore is mentioned. The main reason for this is believed to be the Covid-19 lockdown. Metro rail services were suspended in Lucknow from March 22 to September 6 2020. Thereafter, there was a sharp decline in revenue from operations.

There is 1 question to complete.