INDIA, KFW sign Euro 442.26 million loan for Surat Metro Rail Project

Tags: Economics/Business

• The Government of India and the Germany Development Bank – KFW (Kreditanstalt für Wiederaufbau)  signed a Euro 442.26 million loan for the Surat Metro Rail project in Gujarat.
• The total cost of the project is Euro 1.50 billion, out of which KfW is financing Euro 442.26 million. 
• The project is co-financed by the French Development Agency, AFD (Agence Française de Développement) which will provide Euro 250 million loan .
• The total length of the Surat Metro is 40.35 Km.