Government of India and ADB sign 37 billion Japanese Yen loan for Delhi-Meerut Regional Rapid Transit System Corridor

• The Government of India and Asian Development Bank (ADB) on 15th December 2023 signed agreement for a 37 billion Japanese Yen ($250 million) loan that will continue financing the construction of the 82-kilometre Delhi-Meerut Regional Rapid Transit System (RRTS) corridor.
• Earlier, ADB had approved a $1,049 million Multi-tranche Financing Facility (MFF) for the project in 2020 to support construction of RRTS, the first of three priority rail corridors planned under the NCR Regional Plan 2021, to connect Delhi to other cities in adjoining states. The RRTS will have multi-modal hubs to ensure smooth interchange with other transport modes. The first tranche of the ADB loan amounted to $500 million with another $500 million co-financed by AIIB.

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Published date : 20 Dec 2023 11:44AM