3 days ago
Deadline pushed for Metro loans
Mumbai: The cabinet approved a proposal to extend the deadline till Dec 31, 2026, for taking loans from Asian Development Bank and New Development Bank for Metro-2A (Dahisar East-DN Nagar), 2B (DN Nagar-Mandala), and 7 (Andheri East-Dahisar East).
Loans of $1,075.7 million had been approved for the projects, of which $549.25 million was taken. Lines 2A and 7 have been commissioned, while work on Metro-2B is in progress. In all, 96 trains were to be acquired with the help of the loans, of which 60 trains have been received. tnn
