The Asian Development Bank (ADB) has approved a $190 million loan to support the development of the Indore Metro Rail Project, marking another major step in strengthening urban transport infrastructure in Madhya Pradesh.

Phase 1 of the Indore Metro features a single corridor, the Yellow Line, stretching 33.53 kilometres and connecting Palasia, Railway Station, Rajwara, Airport, Bhawarsala, MR10, and back to Palasia in a loop.

The newly approved loan will finance the construction of an 8.62-kilometre underground section with seven stations, linking some of Indore’s most congested zones to the city airport, thereby easing traffic and improving connectivity.

The total cost of the Indore Metro project is estimated at USD 1.2 billion (around Rs 100 billion). The financing structure includes equal equity contributions from the Central Government and the Government of Madhya Pradesh, along with loans from multilateral agencies such as the Asian Development Bank (ADB) and the New Development Bank (NDB).