ADB approved Loan for India’s Rapid Transit System

Published on August 20, 2020
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.
ADB approved Loan for India’s Rapid Transit System
  • 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

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