December 2016 Current Affairs

November 2016 Current Affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS

October 2016 Current Affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current Affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current Affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
NEWS
25 AUG
NEWS

European Investment Bank to loan €450 million for Lucknow Metro

European Investment Bank to loan €450 million for Lucknow Metro
02 April 2016 Current Affairs: The European Investment Bank will give 450 million euros ($512 million) in loan to India to finance the construction of Lucknow's first 23 km-long metro rail line and purchase a fleet of new trains. An agreement on the first tranche of the credit was signed in Brussels on March 31,2016 during the 13th EU-India summit attended by Prime Minister Narendra Modi. The loan represented the largest project financing by European Union's official bank, also the world's largest international public bank, in India since its engagement in the country began more than 20 years ago and the most significant investment in sustainable public transport outside Europe, Luxembourgbased European Investment Bank (EIB). The 450 million euro ($512 million) long-term loan - expected to cover half of the total project cost for the Lucknow Metro - will be used to finance the first metro line in Lucknow, including both construction of the 23 km-long new metro line and a fleet of metro trains. The line is the first part of a broader metro network planned for Lucknow, the capital city of Uttar Pradesh. When it becomes operational, the new metro is expected to increase the use of public transport from 10 per cent to an estimated 27 per cent in the city of three million people, the bank said in a statement. EIB president Werner Hoyer said the bank would expand its support for long-term investments in India and unveiled plans to open a regional representation for South Asia in New Delhi by the end of this year. The bank recognises that the time is right to increase its engagement in India .The first metro line in Lucknow is a flagship project not only for Uttar Pradesh and India, but also for the bank's strengthened global commitment to support transformational investment .The loan agreement was signed by India's Ambassador to Belgium, Luxembourg and the EU Manjeev Singh Puri and EIB Vice President for Asia Jonathan Taylor in the presence of Modi, European Commission President Jean-Claude Juncker and European Council President Donald Tusk. The EIB had committed loans totalling more than 1.34 billion euros for longterm investment in India since the cooperation began in 1993. 


December 2016 Current affairs

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS




October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
NEWS
25 AUG
NEWS



FreshersLive - No.1 Job site in India. Fresherslive Current Affairs 2016 section offers informative quiz questions with answers regarding latest current affairs today for all sorts of competitive exams like UPSC, TNPSC , IFS, IAS, IPS, railway exams (RRB) and banking exams like IPBS PO, IPBS clerk, Federal Bank PO, ICICI, SBI, RBI legal officer & Grade officer posts and much more. Register with us to get latest Current Affairs Updates. Also get latest Current Affairs news and quiz Updates for free alerts daily through E-mail

Get Daily Current Affairs to your Email

You can Unsubscribe us at any time.

Get Daily Current Affairs to your Email

You can Unsubscribe us at any time.