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

The Asian Development Bank (ADB) has approved a $1 billion loan to support construction of the modern, high-speed Delhi–Meerut Regional Rapid Transit System.

Financing for the project will be implemented in four tranches between August 2020 and May 2025. The Government of India will provide $1.89 billion and co-financiers are expected to provide $1 billion of the total project cost of $3.94 billion, the multilateral development bank said in a statement on Tuesday.