The Asian Development Bank has approved a loan of $1 billion to support construction of the Delhi–Meerut regional rapid transit system, first of the three priority rail corridors in the integrated transport network under NCR Regional Plan 2021.
Financing for the project will be implemented in four tranches starting this month and ending in May 2025, the multilateral development bank said in a statement on Tuesday. The central government will provide $1.89 billion for the $3.94-billion project while co-financiers are expected to provide about $1 billion, ADB said.
Besides this, ADB’s Japan Fund for Poverty Reduction will provide a grant of $3 million to support various social health service activities in the country, including provision of visual, hearing and mobility aids, such as wheelchairs for differently abled persons.
The 82-kilometer Delhi–Meerut regional rapid transit system project, being implemented by NCR Transport Corporation under the housing and urban affairs ministry, involves construction of railway tracks, station buildings, maintenance facilities, and traction and power supply. RRTS has a design speed of 180 km per hour and maximum operation speed of 160 kmph.