Asian Infrastructure Investment Bank mulls $2.2-billion loan for Indian infra projects
Beijing-based Asian Infrastructure Investment Bank (AIIB) is evaluating loans worth over $2.2 billion for funding power transmission and distribution projects in Assam, metro rail projects in Chennai, Mumbai and rural water supply system in Karnataka, the multi-lateral lender’s vice-president and chief investment officer DJ Pandian has said.
AIIB has also started preliminary discussions with the Indian government to fund electric vehicle charging stations in the country along with the World Bank and the Asian Development Bank, Pandian said.
“The moment they come up with a proper policy and put forward their request, we will be looking into that,” he said.
