Blessing in Disguise for Vijayawada Metro

European Investment Bank Vijayawada Metro, EIB Bank Loan Vijayawada Metro, Vijayawada Metro EIB Bank Funding, Vijayawada Metro Funds JICA Bank LoansJICA’s refusal to fund Vijayawada Metro has turned into a blessing in disguise for the state. As it so happens, European Investment Bank is keen on funding this project and the loan interest value will be 30% less than what JICA had offered for the project.

This is a huge relief for the Cash-Strapped Andhra Pradesh. Moreover, the loans from JICA will come with a condition that the necessary infrastructure of the project should be procured from Japanese companies. But with EIB Bank Loan, the project will use ‘Make in India’ coaches which will be again cost effective. The entire project will cost 13,488 Crore. The state and central governments will pitch in 20% each of the total amount required and the remaining 60% are to be obtained as loans.

Delhi Metro Rail Corporation (DMRC) which executed several Metro Rail Projects in the company will be the consultant for this project. The land acquisition of the project will be completed in four months.



Follow Mirchi9 on Google News

This Week Releases on OTT – Check ‘Rating’ Filter

Hiring Content Writer: We are looking to hire a ‘Telugu’ content writer. Send your sample articles to [email protected]

Akhanda in Mass theatresDon't Miss'కడప'లో కూడా 'కమ్మ' వాళ్ళే కొంటున్నారా?ఏదైనా ఒక మంచి జరిగినపుడు దానిని ఆహ్వానించాలి గానీ, బురద జల్లే ప్రయత్నం చేయకూడదు. ప్రస్తుతం "అఖండ" సినిమాపై ఓ...'కులం' తలుచుకుంటే 'కలెక్షన్స్' వచ్చేస్తాయా?Don't Miss'కులం' తలుచుకుంటే 'కలెక్షన్స్' వచ్చేస్తాయా?ప్రస్తుతం ధియేటర్లలో సందడి చేస్తోన్న "అఖండ" సినిమాకు కులం ఆపాదించే పనిలో ఓ వర్గం తలమునకలై ఉన్నట్లుగా కనపడుతోంది. 'అఖండ'కు...akhanda Dallas Kammas TicketsDon't MissAkhanda U.S. Record: Crying On Kammas Goes To Next LevelNandamuri Balakrishna's Akhanda has taken a flying start at the box office despite the mixed...Akhanda Review RatingDon't MissAkhanda Review - Lengthy Mass JatharaBOTTOM LINE Lengthy Mass Jathara OUR RATING 2.5/5 CENSOR 2h 47m, 'U/A' Certified. What Is...Rumours ys jagan declined appointment for mohan babuDon't Missఅయ్యో... మోహన్ బాబుకే దొరకలేదా..? నిజమేనా..?గత ఎన్నికలకు ముందు తమ బకాయిల విషయంలో టీడీపీ ప్రభుత్వం స్పందించడం లేదని, రోడ్డెక్కి నిరసన తెలిపిన మంచు మోహన్...

Mirchi9