ADB inks $500 Million Loan agreement with India for Delhi-Meerut RRTS Corridor

The Asian Development Bank (ADB) and the Government of India has signed a $500 million loan pact on 8th September 2020 to build a modern, high-speed 82-kilometer Delhi-Meerut Regional Rapid Transit System (RRTS) corridor.
This loan amount is the first tranche of a total $1 billion loan approved by ADB for the venture in August 2020.
The RRTS corridor will connect Sarai Kale Khan in Delhi, Ghaziabad and Meerut. It will have a total of 24 stations of which 21 will be in Uttar Pradesh and the rest in Delhi.
The project will improve regional connectivity and mobility in India’s national capital region (NCR).

Source – PIB