None
EN
ADB Approves $299M Loan for Delhi–Meerut RRTS, Bringing Total Support to $1.05B
[]
fundsforNGOs News
The Asian Development Bank (ADB) has approved a $299 million loan as the final tranche of financing for the Delhi–Meerut Regional Rapid Transit System (RRTS), India’s flagship urban transport project in the National Capital Region (NCR).
With this tranche, ADB’s total support under the multi-tranche financing facility, approved in 2020, now stands at $1.05 billion.
The 82-kilometer Delhi–Meerut RRTS is the first of three priority corridors under development in the NCR.
“This project marks a transformative step in India’s urban transport landscape,” said Mio Oka, ADB Country Director for India.
When completed, the Delhi–Meerut RRTS will stand as a benchmark for sustainable, high-speed regional transit in India, setting the foundation for future rapid transit networks nationwide.