The Government of India and the Germany Development Bank – KfW (Kreditanstalt fur Wiederaufbau) on Friday signed a 442.26 million euros loan pact for Surat Metro Rail project. The total cost of the project is 1.5 billion euros, of which KfW is financing 442.26 million euros, a Finance Ministry statement said.
The project is being co-financed by French Development Agency, AFD (Agence Francaise de Developpemet). The Agreement with AFD for 250 million euros was signed on January 28, 2021, it said.
