BMRCL Maintainers Previous Question Paper | 55795

BMRCL Maintainers Previous Question Paper:

BMRCL Maintainers Previous Question Paper On 3 January 2012, the Karnataka government approved a budget of ₹27,000 crore (US$3.8 billion) for Phase 2 of Namma Metro project.Phase 2 is estimated to cost ₹26,405 crore (US$3.7 billion). Land acquisition is expected to cost ₹5,000 crore (US$700 million).[19] The Central and State Governments will fund around ₹15,000 crore of the project cost.The State and Central Governments will bear 30% and 20% of the total project cost of Phase 2 respectively. The remaining amount will be obtained through senior term loans.The BMRCL is permitted to raise up to ₹9,000 crore through loans.

On 27 March 2012, the Asian Development Bank (ADB) signed an agreement to lend $250 million to BMRC to part-finance Phase 2 of the metro rail project. The loan marked the multilateral lending agency's foray into the urban transport sector in South Asia, the ADB said in a press release. The loan, approved by the ADB Board in March 2011, is the first ADB loan to the urban transport sector without recourse to sovereign guarantees.In 2016, the Agence Francaise De Development (AFD) sanctioned a ₹1,600 crore loan for the project. The rate of interest on the loan is linked to Euro Interbank Offered Rate (Euribor) + 130 basis points. In early 2017, the European Investment Bank agreed to loan ₹3,700 crore to the BMRCL, with a repayment period of 20 years at a rate of interest lower than the one on the AFD loan.

In May 2017, BMRC received in-principle approval from the European Investment Bank (EIB) to fund construction of the Gottigere-Nagawara line through a ₹3700 crore loan.[112] The line will also be funded by the AIIB, and the Central and State Governments.

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