Comments
The German development bank KfW has reviewed the Rs 8,680-crore Nagpur metro rail project and could soon take a call of providing Rs 3,700 crore debt for the project. The coupon rate is yet to be fixed for debt, which would be provided without any pre-conditions.
A media statement issued by Nagpur Metro Rail Corporation Ltd (NMRCL) said that the loan would be repaid over next 20 years. The twin-corridor rail project will provide north-south and east-west connectivity with 38.21 km network.
About 85 per cent of the project land has already been handed over the NMRCL. The metro services are expected to commence by 2018.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.