AIIB Eyes Funding for AP Metro Projects

22 May 2025 CW Team

The Asian Infrastructure Investment Bank (AIIB) has expressed interest in financing Phase I of the metro rail projects in Visakhapatnam and Vijayawada.

Officials from AIIB recently met with Andhra Pradesh Metro Rail Corporation Ltd (APMRCL) Managing Director NP Rama Krishna Reddy and other senior representatives to discuss potential funding options. The team also conducted site inspections along key metro corridors in Vijayawada.

The total estimated cost for both projects is Rs 120 billion—Rs 61 billion for Visakhapatnam and Rs 59 billion for Vijayawada. AIIB has proposed attractive loan terms, offering a 35-year tenure with a 10-year moratorium and a 25-year repayment period, which are currently under evaluation by APMRCL.

The Corporation is actively engaging with multiple international financial institutions to secure cost-effective funding. These include Germany’s KFW Bank, France’s AFD Bank, Japan International Cooperation Agency (JICA), the Asian Development Bank (ADB), the New Development Bank, the World Bank, and AIIB.

The aim is to partner with financiers offering the most favourable interest rates to support the large-scale infrastructure development. During their visit, AIIB representatives Santosh and Paschal Russell reviewed key sections of the Vijayawada metro corridor—from PNBS to Gannavaram and Penamaluru to PNBS—and held discussions on the project’s financial structuring with APMRCL.

Infrastructure Urban

09 Jan 2026

Mount Expands Tumkur Facility with New Automated Panel, PEB Lines

Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across pre-engineered building (PEB) and polycarbonate sheets, simultaneously inaugurated its second fully automated continuous sandwich panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur.The milestone expansion, part of a total investment of Rs 250 crore, marks a significant advancement in the company's commitment to engineered performance, manufacturing scale, and industrial growth. The integrated facility spans approx..

India Becomes First to Produce Bio-Bitumen for Roads

India has become the first country in the world to commercially produce bio-bitumen for use in road construction, according to Road, Transport and Highways Minister Nitin Gadkari. Bitumen, a black and viscous hydrocarbon derived from crude oil, is a key binding material in road building, and the bio-based alternative is expected to significantly improve the sector’s environmental footprint.Addressing the CSIR Technology Transfer Ceremony in New Delhi, Mr Gadkari congratulated Council of Scientific and Industrial Research on achieving the milestone, noting that the initiative would help curb ..

HILT Policy Seen Boosting Telangana Revenue Sharply

The Hyderabad Industrial Land Transformation (HILT) Policy is expected to generate around Rs 1.08 billion in revenue for the Telangana state exchequer, according to Deputy Chief Minister Bhatti Vikramarka Mallu. Speaking in the Telangana Legislative Assembly, he said the policy would be implemented within a six-month timeframe in a transparent manner, with uniform rules applicable to all stakeholders. Mr Vikramarka noted that without the HILT Policy, the state would have earned only about Rs 1.2 million per acre. Under the new framework, however, revenue is projected to rise sharply to Rs 70 ..