ADB & India Signed $500 Million Loan for Delhi-Meerut RRTS Corridor

The Asian Development Bank (ADB) and the Government of India signed a $500 million loan, the first tranche of a total $1 billion facility, to build a modern, high-speed 82-kilometer Delhi-Meerut Regional Rapid Transit System (RRTS) corridor that will improve regional connectivity and mobility in India’s national capital region (NCR).

Daily Current Affairs Quiz 2020

Key-Points

It will improve regional connectivity and mobility in India’s national capital region (NCR).

The first tranche loan will support construction of the first of three priority rail corridors planned under the NCR Regional Plan 2021 to connect Delhi to other cities in adjoining states.

ADB is committed to achieving a prosperous Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.