Current Context: Asian Development Bank has approved the loan to construct the modern, high speed Delhi-Meerut, Uttar Pradesh RRTS (Regional Rapid Transit System), which will be of 82 km long.
- For this purpose, ADB has approved to grant loan of USD 1 Billion i.e. Rs 7458 crore to India.
- The loan amount will be offered in 4 tranches i.e. between August 2020 and May 2025.
- The project of Delhi-Meerut, Uttar Pradesh RRTS will be executed by National Capital Region Transport Corporation (NCRTC).
- The loan amount will be utilised to construct railway tracks, building stations, maintenance facilities, power supply and traction.
- Static Part:
- HQ of ADB: Mandaluyong, Philippines
- President of ADB: Masatsugu Asakawa
Question:
Q.1 Which of the following finance provider offered loan of USD 1 Billion for Delhi-Meerut, Uttar Pradesh RRTS?
a. Asian Development Bank
b. Asian Infrastructure Investment Bank
c. New Development Bank
d. World Bank
a. Asian Development Bank
b. Asian Infrastructure Investment Bank
c. New Development Bank
d. World Bank
