Correct Answer : Option (A) - Asian Development Bank
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. An agreement in this regard was signed between the Government of India and the ADB on 19-08-2021. The signatories to an agreement for the Bengaluru Metro Rail Project were Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs, and Takeo Konishi, Country Director of ADB's India Resident Mission who signed for ADB.
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, ADB said in a release.
"This will help decongest traffic in the city area and provide seamless connectivity to the airport," it said.
The needs of vulnerable groups, such as the elderly, women, children, and differently-abled persons, will be reflected on the metro facilities, it added.
"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 (TOD) and multi-modal integration (MMI)," said Konishi.