AIIB Eyes Funding for AP Metro Projects
RAILWAYS & METRO RAIL

AIIB Eyes Funding for AP Metro Projects

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.

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.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement