ADB approves $1 billion loan for construction of Delhi-Meerut RRTS

The Asian Development Bank (ADB) has approved a $1 billion loan to support the construction of modern, high-speed Delhi-Meerut Regional Rapid Transit System.
It will be implemented in four tranches between August 2020 and May 2025.
The 82-kilometre Delhi-Meerut regional rapid transit system (RRTS) network is the first of three priority rail corridors in the country’s integrated transport network under the NCR Regional Plan 2021.
The total project cost of $3.94 billion, the Centre will provide $1.89 billion and co-financiers are expected to provide $1 billion.