Indian Government Secures ₹3,044.54 Crore Loan from KfW Germany for Bangalore Metro Phase 2.

Banking & Finance

The Government of India signed an agreement with the German state-owned development bank KfW for a loan of 340 million euros (₹3,044.54 crore) to support Phase 2 of the Bangalore Metro Rail Project. This agreement, signed on December 13, 2024, marks the completion of 100% financial closure for the project. A separate project agreement was also signed between Bangalore Metro Rail Corporation Limited (BMRCL) and KfW Germany for the said loan. With this new loan agreement, the external funding for Phase 2 of the Bangalore Metro Rail Project is now complete, paving the way for the next phase of construction and expansion of the metro network in the city.


      - Indian Government secured ₹3,044.54 crore loan from KfW Germany.

      - Loan agreement signed on December 13, 2024.

      - 100% financial closure achieved for Bangalore Metro Phase 2.

Main Point :-   (i) Separate project agreement signed between BMRCL and KfW Germany.

      (ii) External funding for Phase 2 now complete.


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