The Asian Development Bank (ADB) and the Government of India signed a USD 500 million loan to expand the Bangalore metro rail system. In December 2020, the bank has approved the loan for the construction of two new metro lines and an additional USD 2 million technical assistance grant from ADB will help the state government formulate urban development plans and their implementing frameworks.
This includes the construction of the Purple Line and Green Line that will offer metro transport connections from east to west and from north to south parts of the city.
The agreement was signed by ADB Country Director for India Takeo Konishi and the Additional Secretary at the Ministry of Finance’s Department of Economic Affairs, Rajat Kumar Mishra.
“The new metro lines will further strengthen safe, affordable, and green mobility in Bangalore, having positive impact on enhancing quality of life, sustainable growth in urban habitat and livelihood opportunities,” Mishra said.
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.
Bangalore metro rail system will be created by constructing the Purple Line and Green Line totalling 56 km in length served by 30 stations. They will be mostly elevated crossing the Outer Ring Road and National Highway 44 between Central Silk Board and Kempegowda International Airport.
“The project supports the urban transformation of Bengaluru City into a more livable and sustainable city through support to urban public transport and urban development with concepts of transit-oriented development and multimodal integration. It will bring various benefits, including road decongestion, better urban livability, and environmental improvement,” the representative of ADB for India said.
For the metro project, the Japan International Cooperation Agency has also provided a USD 330.42 million as a technical assistance fund to support the integrated and sustainable urban development along the Mass Rapid Transit Corridors in the city.