India and ADB Sign $250 Million Agreement for Delhi-Meerut RRTS Corridor

December 19, 2023

On December 15, 2023, the Government of India and the Asian Development Bank (ADB) joined hands, signing a significant agreement for a 37 billion Japanese Yen ($250 million) loan. This funding will continue to support the construction of the 82-kilometer Delhi-Meerut Regional Rapid Transit System (RRTS) corridor. The loan, amounting to 37 billion Japanese Yen, is part of a broader $1,049 million Multi-tranche Financing Facility (MFF) approved by ADB in 2020 for the RRTS project.

ADB’s Support for RRTS

The first tranche of the ADB loan, totaling $500 million, was further co-financed by $500 million from the Asian Infrastructure Investment Bank (AIIB). This financial support underscores ADB’s commitment to enhancing urban mobility and creating multi-modal hubs for efficient transport interchange.

Project’s Impact and Benefits

The RRTS, a priority rail corridor under the NCR Regional Plan 2021, aims to connect Delhi with cities in adjoining states.
The project would significantly improve urban mobility, with economic impacts benefiting women and differently-abled individuals.
The RRTS is designed to provide fast, safe, and high-capacity commuter transit services, cutting travel time from 3-4 hours to about 1 hour.
It is a low-carbon and efficient railway system, contributing to substantial reductions in CO2 emissions.
The project aligns with climate change mitigation efforts, showcasing the commitment to sustainable and environmentally friendly transportation.
The 82-km corridor will traverse populated sections of the national capital region, fostering economic and employment opportunities.
The RRTS project is poised to be a game-changer, offering a transformative solution for commuters and contributing to regional development.

« Previous Post Next Post »