{"id":439564,"date":"2021-10-01T10:22:57","date_gmt":"2021-10-01T04:52:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=439564"},"modified":"2021-10-01T11:37:58","modified_gmt":"2021-10-01T06:07:58","slug":"aiib-grants-usd-356-67-mn-loan-for-chennai-metro-banks-total-india-funding-rises-to-usd-6-7-bn","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/aiib-grants-usd-356-67-mn-loan-for-chennai-metro-banks-total-india-funding-rises-to-usd-6-7-bn\/","title":{"rendered":"AIIB grants USD 356.67 mn loan for Chennai Metro; bank&#8217;s total India funding rises to USD 6.7 bn"},"content":{"rendered":"<p>The Beijing-based Asian Infrastructure Investment Bank (AIIB) has approved a USD 356.67 million loan for the expansion of the Chennai metro rail system, taking the bank&#8217;s financing for various projects in India to USD 6.7 billion, making the country its largest beneficiary.<\/p>\n<p>Launched in 2016, the AIIB is a multilateral development bank that aims to support building of infrastructure in the Asia-Pacific region. China is the largest shareholder of the bank with 26.06 per cent voting rights. India is the second-largest shareholder with 7.5 per cent followed by Russia at 5.93 per cent and Germany at 4.5 per cent.<\/p>\n<p>The Chennai project involves the construction of a new corridor in Chennai&#8217;s metro network as part of its Metro Rail Phase 2, AIIB Vice President for Investment Operations D J Pandian said on Thursday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Beijing-based Asian Infrastructure Investment Bank (AIIB) has approved a USD 356.67 million loan for the expansion of the Chennai metro rail system, taking the bank&#8217;s financing for various projects in India to USD 6.7 billion, making the country its largest beneficiary. Launched in 2016, the AIIB is a multilateral development bank that aims to support building of infrastructure in the Asia-Pacific region. China is the largest shareholder of the bank with 26.06 per cent voting rights. India is the second-largest shareholder with 7.5 per cent followed by Russia at 5.93 per cent and Germany at 4.5 per cent. The [&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":[130,258,136],"tags":[],"class_list":["post-439564","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-railways-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/439564","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=439564"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/439564\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=439564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=439564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=439564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}