The Housing and Urban Development (Hudco) in India has approved a loan worth Rs7bn ($139m) for the Namma Metro project of Bangalore.

In April this year, the Asian Development Bank approved a loan of $250m to part-fund the 42.3km-long first phase of the Bangalore Metro project, which was estimated to cost Rs110bn ($2.19bn).

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The Karnataka Government has allocated Rs6.83bn ($138m) in the budget for 2011-12, while the Japan International Cooperation Agency is extending an official development assistance loan for the project.

The Bangalore Metro Rail Corporation (BMRCL) has spent Rs40bn ($814m) on the project, which is expected to decongest the city, relieving the pressure on road transportation in Bangalore.

The project is expected to be completed by March 2013.

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Railway Technology Excellence Awards - Nominations Closed

Nominations are now closed for the Railway Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact across the defence sector.

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Winning the Innovation Award in the Reservation Systems category, EAO’s advanced seat reservation system tackles urbanisation and rising mobility demands head on. Explore how its adaptable HMI, modular design and energy saving display technology help operators boost capacity utilisation and improve the passenger experience.

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