AIIB clears USD 1.2 billion loans to India for infra projects
Asian Infrastructure Investment Bank (AIIB) has approved six projects worth USD 1.2 billion in loans to India for infrastructure related projects and additional USD 1.9 billion is under review. Funds will be invested in projects including USD 500 million in the Mumbai Metro, USD 455 million in rural roads in Andhra Pradesh, USD 200 million for National Investment and Infrastructure Fund.
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