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

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