Happy Diwali - DIWALI24

Join Here

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.

Question:

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
ebook store

About Me

Ramandeep Singh

Ramandeep Singh - Educator

I'm Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and over 5000 successful selections, I understand the path to success firsthand, having transitioned from Dena Bank and SBI. I'm passionate about helping you achieve your banking and insurance dreams.

  • Follow me:
Close Menu
Close Menu