Current Affairs - National - Discussion
Discussion Forum : National - Latest Current Affairs (Q.No. 4420)
4420.
Which organisation inked $500 Mn loan agreement to improve quality & safety of Mumbai's Suburban Railway System with AIIB?
Answer: Option
Explanation:
On August 24, 2020, a quartet loan agreement was inked between Government of India, the Government of Maharashtra, Mumbai Railway Vikas Corporation (MRVC) and the Asian Infrastructure Investment Bank (AIIB) for Mumbai Urban Transport Project-III. The agreement aims to improve the network capacity, reduction in journey time and fatal accidents of commuters, service quality and safety of the suburban railway system in Mumbai, Maharashtra.
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