On 1 June 2025, the Asian Development Bank (ADB) unveiled a $10 billion initiative for urban transformation in India.
This 5-year plan aims to revamp metro networks, launch new RRTS corridors, and improve urban infrastructure and services across over 100 cities.
Backed by sovereign loans, private capital, and the Urban Challenge Fund (UCF), the project also includes $3 million in technical assistance for project planning.
ADB emphasized skill development, women’s empowerment, and inclusive urban growth as part of India’s Viksit Bharat @ 2047 mission. The announcement follows meetings with PM Modi, FM Nirmala Sitharaman, and Housing Minister Manohar Lal.
