A loan agreement has been signed by the Central government of India, State Government of Maharashtra, Mumbai Railway Vikas Corporation, and the Asian Infrastructure Investment Bank for a Mumbai Urban Transport Project-III worth 500 million USD. What is Mumbai Urban Transport Project-III? It is a project supervised and implemented by the Mumbai Metropolitan Region Development ..
Asian Infrastructure Investment Bank: GK, General Studies and Current Affairs
The Asian Infrastructure Investment Bank (AIIB) has extended the loan of $250 million to Pakistan in order to enable it to deal with the prevailing situation due to the COVID 19 pandemic. This program is going to be co-financed by the World Bank and will contribute to the program of the Pakistan Government to strengthen ..
The China-backed Asian Infrastructure Investment Bank (AIIB) has approved a loan of $500 million to assist Pakistan’s efforts in addressing the on-going coronavirus pandemic. The project is co-financed by Asian Development Bank (ADB). It aims to strengthen the vulnerable groups, boost healthcare system and help small businesses amid the economic crisis caused by the pandemic.
The L&T Infrastructure Finance Company Limited (LTIF) has become the first Non-Banking Finance Company (NBFC) to get $100 million loan from Asian Infrastructure Investment Bank (AIIB) for on-lending to wind and solar power infrastructure projects in India. LTIF is a subsidiary of L&T Finance Holdings Ltd and a leading non-bank financier of renewable energy in ..
Asian Infrastructure Investment Bank (AIIB) approves an equity investment in National Investment & Infrastructure Fund (NIIF) of India
On June 24, the Asian Infrastructure Investment Bank (AIIB) has approved a $200 million equity investment into the National Investment & Infrastructure Fund (NIIF) of India and the first tranche of $100 million has already been approved by the bank’s Board. The second tranche of $100 million will be invested by AIIB on call. This ..