CURRENT AFFAIRS

2017

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Bangalore Metro Rail Project Phase II has received how much crore rupees from European Investment Bank?
A
Rs. 3, 800 crore
B
Rs. 2, 800 crore
C
Rs. 4, 800 crore
D
Rs. 1, 800 crore
Explanation: 

Detailed explanation-1: -The state government on Friday approved the third phase of Namma Metro project, which covers a total of 44.65 km comprising two corridors. Total cost of the project is estimated at Rs 16, 328 crore and expected to be ready in 2028.

Detailed explanation-2: -Integrated structures will be built by BMRCL at a cost of Rs 507.29 crore with cost-sharing between Bangalore Metro Rail Corporation Ltd (BMRCL) and Bruhat Bengaluru Mahanagara Palike (BBMP) in the ratio of 75:25.

Detailed explanation-3: -The Asian Development Bank will provide USD 500 million loans to expand the metro rail network in Bengaluru with the construction of two new metro lines totaling 56 kilometers.

Detailed explanation-4: -Bengaluru Metro Rail Corporation Limited (BMRCL), a joint venture of Government of India and the State Government of Karnataka, is the agency for building, operating and expanding the Namma Metro network. Services operate daily between 05:00 and 24:00 running with a headway varying between 2–4 minutes.

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