China-led AIIB approves $324m in infrastructure investment

China-led AIIB approves $324m in infrastructure investment

A man walks beneath a on overhead rail track for the Lucknow Metro developed by Lucknow Metro Rail Corp. in the Hazratganj area of Lucknow, Uttar Pradesh, India, on Tuesday, February 14, 2017. Photographer: Prashanth Vishwanathan/Bloomberg

The China-backed Asian Infrastructure Investment Bank (AIIB) said on Thursday it has approved two loans and one equity investment worth $324 million across Georgia, Tajikistan and India.

The bank’s first ever equity investment of $150 million aims to help attract private capital for infrastructure projects in India, the AIIB said in an emailed statement.

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