{"id":301152,"date":"2019-11-16T10:21:15","date_gmt":"2019-11-16T04:51:15","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=301152"},"modified":"2019-11-16T10:40:25","modified_gmt":"2019-11-16T05:10:25","slug":"aiib-to-give-500-mn-loan-for-mumbai-rail-75-mn-for-renewable-projects","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/aiib-to-give-500-mn-loan-for-mumbai-rail-75-mn-for-renewable-projects\/","title":{"rendered":"AIIB to give $500-mn loan for Mumbai rail, $75 mn for renewable projects"},"content":{"rendered":"<p>Beijing-headquartered Asian Infrastructure Investment Bank (AIIB) will give a $500-million loan to develop suburban rail network in Mumbai and another $75 million to help finance renewable energy projects in India. <\/p>\n<p>The four-year-old infrastructure-focused multilateral development bank, in which India is the second-largest shareholder, plans to scale up lending operations to $10 billion annually, from $4.2 billion now. India\u2019s share in the total borrowing is about 30 per cent, and is the largest borrower from the institution, said D J Pandian, AIIB vice-president and chief investment officer. With the latest loans, its India financing would be $2.9 billion. <\/p>\n<p>The Mumbai Urban Transport Project (MUTP) will use the funds for quadrupling of Virar-Dahanu Road corridor of 64 kilometers to provide an extension of the suburban railway service to connect peripheral areas with Mumbai. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Beijing-headquartered Asian Infrastructure Investment Bank (AIIB) will give a $500-million loan to develop suburban rail network in Mumbai and another $75 million to help finance renewable energy projects in India. The four-year-old infrastructure-focused multilateral development bank, in which India is the second-largest shareholder, plans to scale up lending operations to $10 billion annually, from $4.2 billion now. India\u2019s share in the total borrowing is about 30 per cent, and is the largest borrower from the institution, said D J Pandian, AIIB vice-president and chief investment officer. With the latest loans, its India financing would be $2.9 billion. The Mumbai Urban [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-301152","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/301152","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=301152"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/301152\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=301152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=301152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=301152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}