Germany’s KfW on 1st April 2016 annouce to provide a loan give 500 million Euro loan to ----- Metro Rail ?
A. Jaipur
B. Kochi
C. Nagpur
D. Lucknow
Answer:C
Germany’s KfW on 1st April 2016 annouce to provide a loan give 500 million Euro loan to ----- Metro Rail ?
A. Jaipur B. Kochi C. Nagpur D. Lucknow
Explanation: German Government’s Development Bank KfW will provide a loan assistance of EUR 500 million (about Rs.3,750 cr) for the modern and sustainable metro system for Nagpur city being executed by Nagpur Metro Rail Corporation Limited (NMRCL). This is First German assistance to Metro project in India. Costing Rs.8,680 cr (EUR 1,240 million), Nagpur Metro is the first metro to be financed under the Indo German partnership for clean, socially inclusive and climate friendly mobility for people in cities.