Published On:February 18 2013
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Bangalore Metro receives loan of 110 million euros from Agence Francaise de Development (AFD)

Business line reported that Agence Francaise de Development (AFD), has approved a loan of 110 million euros for the phase-1 of the Bangalore Metro Rail project.

According to a Bangalore Metro Rail Corporation (BMRCL) release, the loan tenure is 20 years with a moratorium period of 5 years and the interest rate is Euribor +150 basis point.

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