ADB signs $500 mln loan for Delhi-Meerut RRTS Corridor

The Asian Development Bank (ADB) and the Government of India last week signed a $500 million loan, the first tranche of a total $1 billion facility, to build a modern, high-speed 82-kilometer Delhi-Meerut Regional Rapid Transit System (RRTS) corridor that will improve regional connectivity and mobility in India’s national capital region (NCR). The signatories to the loan agreement for the Delhi-Meerut RRTS Investment Project were  Sameer Kumar Khare, Additional Secretary (Fund Bank and ADB), Department of Economic Affairs in the Ministry of Finance who signed for the Government of India,…

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