Monday, June 23, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Banking & Finance

Tenders: ADB lends $1bn to Delhi-Meerut RRTS

Fiinews by Fiinews
August 19, 2020
in Banking & Finance, Projects, Tenders
Reading Time: 2 mins read
A A
0
ADB-Press Release

Model of the high-speed Delhi–Meerut Regional Rapid Transit System.

0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

RRTS to use advanced signaling systems

The Asian Development Bank (ADB) has approved a US$1 billion loan to support the construction of the US$3.94 billion modern, high-speed Delhi–Meerut Regional Rapid Transit System, a first of its kind in India and a major initiative to decongest the National Capital Region (NCR).

The 82-km Delhi–Meerut regional rapid transit system (RRTS) network is the first of three priority rail corridors in the country’s integrated transport network under the NCR Regional Plan 2021.

The RRTS will finance the construction of railway tracks, station buildings, maintenance facilities, and traction and power supply, said ADB in a release on 18 August 2020.

The RRTS will use advanced, high technology signaling systems based on the latest standards and will have multimodal hubs to ensure smooth interchange with other transport modes.

The design of the stations will feature and consider the needs of the elderly, women, children, and differently-abled.

Financing for the project will be implemented in four tranches between August 2020 and May 2025. The Indian Government will provide US$1.89 billion and co-financiers are expected to provide US$1 billion of the total project cost of US$3.94 billion.

A US$3 million grant from ADB’s Japan Fund for Poverty Reduction will support various activities, including the provision of visual, hearing and mobility aids, such as wheelchairs for differently-abled persons.

Training for women and differently-abled on safe mobility and employment opportunities and behavioral change for public transport providers will also be given.

The project is expected to deliver integrated transformational impacts and a better urban environment through systematic urban and land use planning as well as reduced carbon dioxide emissions and air pollution.

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.

Delhi accounts for 37% of the population of the National Capital Region (NCR) of India. The transit system project aims to help decongest the city and improve regional connectivity by establishing transit options through the densely populated sections of the NCR connecting Delhi to Meerut in the state of Uttar Pradesh. 

“Efficient and integrated transport solutions are critical for managing the rapid urbanization and ensuring balanced urban development of the region,” said ADB Principal Transport Specialist Sharad Saxena.

“This project will also provide safe, reliable and seamless travel between Delhi and other NCR cities and pave the way for a paradigm shift in mobility across the NCR,” added Saxena. #ADB #metro #Delhi #Meerut #train #NCR /fiinews.com

Tags: Asian Development Bank
ShareTweetShare

Related Posts

Seci
Tenders

Tender: SECI issues Green Ammonia tender

by Fiinews
June 23, 2025
0
11

India set to decarbonize fertilizer sector The Solar Energy Corporation of India Limited (SECI) has issued a landmark tender for...

Kings Infrastraucture
Tenders

Tender: Kings Infra welcomes RBI Rs.10 lcr credit

by Fiinews
June 23, 2025
0
12

RBI frees up capital for sustainable infrastructure Kings Infra Ventures Ltd has welcomed the Reserve Bank of India’s decisive policy...

Oreda

Tender: Odisha to develop 5,000 MW renewables

June 23, 2025
23
MNRE

Tender: Rooftop solar boosting program launched

June 23, 2025
15

Tech: BSNL Quantum 5G FWA soft launched

June 22, 2025
13
Steel Cutting Of Navy Ship

Project: HSL holds FSS steel cutting ceremony

June 22, 2025
13
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Tender: SECI issues Green Ammonia tender
  • Manufacturing: Dahod factory bid clarified
  • Tech: Intellipaat integrates Agentic AI
  • Tender: Kings Infra welcomes RBI Rs.10 lcr credit
  • Tech: Vexoo Labs builds factual AI for MSMEs

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.