%20(500%20%C3%97%20280%20px)%20(500%20x%20300%20px)%20(11).png "ADB President Masato Kanda announced a five-year plan for India’s urban transformation")
Plan Overview:
a) $5 billion
b) $7.5 billion
c) $10 billion
d) $15 billion
Answer: c) ADB committed $10 billion to improve India’s urban infrastructure through metro expansions, RRTS corridors, and more.
- Major Investments: ADB will finance metro expansions and develop new Regional Rapid Transit System (RRTS) corridors to enhance connectivity.
- Urban Challenge Fund (UCF): ADB will support India’s flagship UCF to attract private investment for urban infrastructure.
- Technical Assistance: $3 million will be allocated for capacity building in urban local bodies and the development of bankable projects.
- Existing Commitments: ADB has already invested $4 billion in metro and RRTS projects in Delhi-Meerut, Mumbai, Chennai, and Bengaluru, among other cities.
Question:
Q.1 What is the total financial commitment made by ADB under its five-year urban transformation plan for India?a) $5 billion
b) $7.5 billion
c) $10 billion
d) $15 billion
Answer: c) ADB committed $10 billion to improve India’s urban infrastructure through metro expansions, RRTS corridors, and more.
