The Asian Development Bank has given its nod for four metro-rail projects and the Rs 300 bn rapid rail corridor between Delhi and Meerut, as part of its effort to improve urban transport system in India
Metro-rail projects are coming up rapidly. As more people move to cities, pressure on existing public transport systems – mainly public buses – increases, and the efficiency and quality of the service drops.
To assist India in building its metro network, JICA has extended a cumulative loan amount of Japanese Yen 1.3 trillion (about Rs 870 billion) for six cities: Delhi, Bengaluru, Chennai, Kolkata, Mumbai and Ahmedabad.
The Public Investment Board has reportedly approved metro-rail projects in Agra, Kanpur, Ahmedabad and Patna. Along with this, the board has also given a nod to the Delhi-Ghaziabad-Meerut Rapid Rail Transit corridor.