USD 1 billion loan approved by ADB for 2025 visioned Delhi-Meerut Rapid transit system

Manila based Asian Development Bank (ADB) approved a total of 1 billion  USD  loan to provide assistance for the construction of modern, high-speed Delhi-Meerut Regional Rapid Transit System. ADB’S finance will include the construction of railway tracks, station buildings, maintenance facilities, and traction, and power supply.

Aim

The project aims at smoothening regional connectivity by establishing transit options across the densely populated sectors of the National Capital Region connecting Delhi to Meerut in the state of Uttar Pradesh.

What is the Delhi-Meerut Rapid transit system?

Delhi-Meerut RRTS is an 82-kilometer long semi high-speed rail corridor that connects Delhi and Meerut via Ghaziabad. The network is the first of three priority rail corridors, planned under Phase-I of the RRTS project of NCR Transport Corporation.

What are the advanced features of the RRTS?

• A high technology signaling system
• Special constructional design set up for interchange with other modes transport
• Special arrangement for women, children, elderly people, and differently-abled people

Long term objectives

The project will ensure safe, reliable, and uninterrupted travel considering the factor of air pollution and other environmental impacts.

Asian Development Bank

ADB is a regional development bank that was established in 1966 with the objective of social development including poverty alleviation through economic growth, environmentally sustainable growth, and regional integration. It is headquartered in Manila, Philippines.

Month: Current Affairs - August, 2020