ADB Approves USD 200 Million Loan to Expand Metro Rail Network & Urban Mobility in Nagpur

Current Context: The Asian Development Bank (ADB) has approved a $200 million loan to expand Nagpur's metro rail network on 24th July 2024. This significant investment aims to improve transportation connectivity within the city and its growing suburbs.

• Key highlights of the project:
• Expansion of metro rail corridors: The loan will fund the extension of four metro rail lines, covering a total of 43.8 kilometers.
• Enhanced connectivity: The project will connect new and developing urban areas, including special economic zones, to the city's public transportation system.
• Improved mobility: By providing efficient, safe, and eco-friendly public transport, the project aims to ease congestion and improve people's quality of life.
• Economic growth: The expanded metro network is expected to boost the city's economy by improving access to jobs, education, and healthcare.

Question:

1 How much does the Asian Development Bank approve the loan amount to expand Nagpur's metro rail network?

• A) $100 million
• B) $150 million
• C) $200 million
• D) $250 million

Answer: C) The Asian Development Bank (ADB) has approved a $200 million loan to expand Nagpur's metro rail network on 24th July 2024.