GOI signed Loan Agreement with ADB for Delhi-Meerut RRTS Corridor

Published on September 09, 2020
Current Context: Asian Development Bank has approved to provide funds to Government of India to build a high speed 82 km long Delhi-Meerut Rapid Transit System (RRTS) corridor.
GOI signed Loan Agreement with ADB for Delhi-Meerut RRTS Corridor
  • For this purpose, ADB and GOI have signed a loan agreement of USD 500 million.
  • The construction of the Delhi-Meerut RRTS corridor will provide better regional connectivity and mobility facility to Delhi. This will offer connectivity of Delhi to other cities in neighboring states.
  • The first part of the loan will support to carry out construction of first of the three priorities of rail corridor which are planned under NCR Regional plan of 2021. The first part of loan will be utilised to construct electrified tracks, signaling systems, multimodal hubs and design featured stations.
  • The construction of the Delhi-Meerut RRTS corridor will led to the overall urban development of Delhi as it will be built with the help of high level technologies for RRTS, signaling facilities and well equipped station designs. 
  • The corridor will be equipped with multimodal hubs in order to have smooth interchange with other transport modes. 
  • Static Part: 
    • CM of New Delhi: Arvind Kejriwal
    • Lt Governor of New Delhi: Anil Baijal
    • HQ of ADB: Mandaluyong, Philippines

Questions: 

Q.1 Which of the following finance organisation has offered loan to build Delhi-Meerut RRTS Corridor?
a. Asian Development Bank
b. New Development Bank
c. European Bank for Reconstruction and Development
d. Asian Infrastructure Investment Bank

Q.2 How much amount of loan Asian Development has offered to build Delhi-Meerut RRTS Corridor?
a. USD 600 million
b. USD 400 million
c. USD 500 million
d. USD 300 million

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