+
ADB Offers Up to USD 4.5 Billion Lending Support to India
ECONOMY & POLICY

ADB Offers Up to USD 4.5 Billion Lending Support to India

The Asian Development Bank (ADB) is prepared to offer sovereign lending of up to USD 4.5 billion annually to India, according to ADB President Masato Kanda. This financial support aligns with India’s developmental roadmap under the Viksit Bharat 2047 vision.

In a post shared on X, Kanda noted that he met Finance Minister Nirmala Sitharaman in New Delhi to strengthen ADB’s partnership with India. He confirmed that the multilateral funding institution could provide between USD 4 billion and USD 4.5 billion each year as sovereign lending.

In addition, ADB aims to extend nearly USD 1 billion through private sector financing and will work to mobilise supplementary third-party capital. These investments are expected to support various sectors contributing to India’s long-term growth strategy.

This announcement underscores ADB’s commitment to collaborating with India on critical infrastructure, sustainable development, and inclusive growth. It further reinforces the country’s objective of achieving developed economy status by 2047, with financing and expertise from global partners. 


Source

Press Trust of India (PTI)

The Asian Development Bank (ADB) is prepared to offer sovereign lending of up to USD 4.5 billion annually to India, according to ADB President Masato Kanda. This financial support aligns with India’s developmental roadmap under the Viksit Bharat 2047 vision. In a post shared on X, Kanda noted that he met Finance Minister Nirmala Sitharaman in New Delhi to strengthen ADB’s partnership with India. He confirmed that the multilateral funding institution could provide between USD 4 billion and USD 4.5 billion each year as sovereign lending. In addition, ADB aims to extend nearly USD 1 billion through private sector financing and will work to mobilise supplementary third-party capital. These investments are expected to support various sectors contributing to India’s long-term growth strategy. This announcement underscores ADB’s commitment to collaborating with India on critical infrastructure, sustainable development, and inclusive growth. It further reinforces the country’s objective of achieving developed economy status by 2047, with financing and expertise from global partners. Source Press Trust of India (PTI)

Next Story
Infrastructure Transport

KMRL Invites Bids For Metro Phase 2 Station Works

Kochi Metro Rail Limited (KMRL) has invited bids for completing the balance works related to the construction of entry and exit buildings at Civil Station Junction and Cochin SEZ Metro Station, as part of Phase 2 of the Kochi Metro project.Phase 2 covers a single corridor — the Pink Line — running 11.2 km between JLN Stadium and Infopark II, with 11 stations. The latest tender is aimed at finalising station access works, excluding architectural and building service components.According to tender documents, the estimated cost of the contract is Rs 1.99 billion. The pre-bid meeting is schedu..

Next Story
Infrastructure Transport

Tamil Nadu Clears Preparatory Work For New Chennai Metro Line

The Tamil Nadu government has granted administrative sanction for the preparatory work on the 21.76-km Koyambedu–Avadi–Pattabiram metro corridor. This approval allows Chennai Metro Rail Limited (CMRL) to begin land acquisition, utility shifting, and other groundwork while awaiting clearance from the Union government.The State government had already approved the project in May and submitted the detailed project report to the Centre. However, the Ministry of Housing and Urban Affairs has also requested a Comprehensive Mobility Plan (CMP) before granting final approval.According to an order i..

Next Story
Infrastructure Transport

Metro-14 To Link Kanjurmarg With Badlapur In Thane

Mumbai’s metro network is set for a major expansion with the proposed Metro-14 line, connecting Vikhroli/Kanjurmarg in eastern Mumbai to Badlapur in Thane district. Spanning between 38 km and 45 km, the project promises to drastically cut the current 1.5–2 hour road commute to a matter of minutes.The line will feature a mix of underground, elevated and at-grade stretches — running underground from Kanjurmarg to Ghansoli, before shifting to elevated tracks up to Badlapur. Key stations under consideration include Kanjurmarg, Vikhroli, LBS Marg, Chikoli, Shil Phata, Mahape, Ghansoli, Airoli..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?