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Home > Forum > Bangalore > Real estate News > Namma metro to get Rs 2000 crores loan

Namma metro to get Rs 2000 crores loan

Q: Now Namma Metro is getting loan also from the French Agency. Hope they will finish the metro work at the earliest.

bangalore metro
namma metro
metro work
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Replies (2)
1
Great going!! Is the loan already sanctioned and what is the repayment deadline?
Anusua Pillai


BMRCL is completing all the final formalities related to loan and the loan will be sanctioned shortly. According to sources, the repayment deadline is 15 years.
Madhav Deb,  Bangalore
16th September 2015


According to sources, the loan will be utilized for Phase-II, which involves extension of all the four reaches of Namma Metro. Namma Metro has also started with the process of compensation to those from whom land had been accquired for Metro work this week
Darpan Singh,  Bangalore
17th September 2015


Agence Francaise De Developpment was also involved in funding for the construction work of Phase-I of Namma Metro with a long-term credit facility of 110 million euros.
Madhav Deb,  Bangalore
17th September 2015


2
Yeah even I heard that the agency has agreed in principle to offer Bangalore Metro Rail Corporation Limited this loan that to at a low interest rate
Darpan Singh


3

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