RAILWAYS

USD 500 million loan for Delhi-Meerut RRTS Corridor

The Asian Development Bank (ADB) and the Indian government have signed a 500 million US dollar loan for the Delhi-Meerut Regional Rapid Transit System Corridor.

The signed loan is a first tranche of the ADB approved one billion- dollar loan facility, to build a high-speed, modern, 82-km Delhi-Meerut RRTS Corridor that will improve the regional connectivity and mobility in India’s National capital Region (NCR).

The loan agreement for Delhi-Meerut Regional Rapid Transit System (RRTS) investment project was signed between Additional Secretary in the Ministry of Finance, Sameer Khare, and Country Director of ADB’s India Resident Mission, Kenichi Yokoyama.

Source
Metro Rail
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