New Students Offer - Use Code HELLO

Register Now

ADB Approves Loans for Various Projects in India

Published on December 10, 2022
Current Context: The Asian Development Bank (ADB) approved loans of over USD 1 billion for various developmental projects in India.
ADB Approves Loans for Various Projects in India
  • For building new lines of the Chennai Metro Rail, the ADB approved a loan of INR 780 million.
  • The ADB will also provide an additional Technical Assistance (TA) grant of USD 1 million for the planning and management of Chennai Metro Rail to improve its network connectivity.
  • A loan of USD 300 million was approved by the ADB to upgrade over 300 km of state highways and major district roads in Assam from single-lane to two-lanes along with introducing climate-resilient structures.
  • Apart from this, the fund will also be used in:
  1. building pedestrian and public transport facilities
  2. elevate highways in flood-prone areas
  • ADB is a regional development bank with 68 member states and was established in 1966 with its headquarters in Mandaluyong (Metro Manila), Philippines. The current President of it is Masatsugu Asakawa.


Q.1 Which of the following recently approved a loan of USD 780 million for building new lines of the Chennai Metro Rail?
a. World Bank
b. IMF
c. ADB
d. NDB

Can I help you?

ramandeep singh

Hey I am Ramandeep Singh. I am determined to help students preparing for RBI, SEBI, NABARD and IBPS exams. Do you want me to help you ?

Join my class here
    Follow me:
Close Menu
Close Menu