ADB allots $200 million aid to expand transport connectivity in Nagpur
RAILWAYS & METRO RAIL

ADB allots $200 million aid to expand transport connectivity in Nagpur

The Asian Development Bank (ADB) has approved a $200 million loan to expand metro rail corridors and improve transport connectivity in Nagpur, India. The Nagpur Metro Urban Mobility Project aims to provide efficient, safe, and environmentally friendly public transport, easing commuters' travel and boosting productivity.

"ADB's support will extend Nagpur's metro rail network to meet rising travel demand and enhance the economy," said Sharad Saxena , Principal Transport Specialist , ADB. "This project will make the city more liveable "improving the urban environment and mobility of residents and enhancing their access to basic services."

The project will finance the extension of four metro rail corridors: from Automotive Square to Kanhan, Prajapati Nagar to Transport Nagar, Khapri to Maharashtra Industrial Development Corporation ESR, and Lokmanya Nagar to Hingna. It will construct 43.8 kilometers of elevated metro rail corridors with 32 stations equipped with modern safety and security technology, designed to meet the needs of women, students, and people with disabilities.

ADB will support the Maharashtra Metro Rail Corporation Limited (Maha Metro) in enhancing the connection of metro rail stations to the city's transport services, such as buses, e-rickshaws, e-scooters, and bicycles. The project promotes nonmotorized transportation and provides last-mile connectivity to Nagpur's outskirts.

Additionally, the project will help Maha Metro develop a 5-year institutional action plan, including a gender equality and social inclusion-responsive workplace strategy. It aims to improve Maha Metro's digital project management platform and train staff on metro planning and management. The initiative will also increase employment and entrepreneurship opportunities for women and disadvantaged groups through skills training, internships, and apprenticeships.

ADB remains committed to fostering a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining efforts to eradicate extreme poverty. Established in 1966, ADB is owned by 68 members, with 49 from the region.

(Source: ADB)

The Asian Development Bank (ADB) has approved a $200 million loan to expand metro rail corridors and improve transport connectivity in Nagpur, India. The Nagpur Metro Urban Mobility Project aims to provide efficient, safe, and environmentally friendly public transport, easing commuters' travel and boosting productivity. ADB's support will extend Nagpur's metro rail network to meet rising travel demand and enhance the economy, said Sharad Saxena , Principal Transport Specialist , ADB. This project will make the city more liveable improving the urban environment and mobility of residents and enhancing their access to basic services. The project will finance the extension of four metro rail corridors: from Automotive Square to Kanhan, Prajapati Nagar to Transport Nagar, Khapri to Maharashtra Industrial Development Corporation ESR, and Lokmanya Nagar to Hingna. It will construct 43.8 kilometers of elevated metro rail corridors with 32 stations equipped with modern safety and security technology, designed to meet the needs of women, students, and people with disabilities. ADB will support the Maharashtra Metro Rail Corporation Limited (Maha Metro) in enhancing the connection of metro rail stations to the city's transport services, such as buses, e-rickshaws, e-scooters, and bicycles. The project promotes nonmotorized transportation and provides last-mile connectivity to Nagpur's outskirts. Additionally, the project will help Maha Metro develop a 5-year institutional action plan, including a gender equality and social inclusion-responsive workplace strategy. It aims to improve Maha Metro's digital project management platform and train staff on metro planning and management. The initiative will also increase employment and entrepreneurship opportunities for women and disadvantaged groups through skills training, internships, and apprenticeships. ADB remains committed to fostering a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining efforts to eradicate extreme poverty. Established in 1966, ADB is owned by 68 members, with 49 from the region. (Source: ADB)

Next Story
Real Estate

Marathon, Adani Launch Rs 34 Bn Commercial Project in Mumbai

Marathon Nextgen Realty, in a joint venture with Adani Realty, has announced Monte South Commercial, a major office and retail development in Byculla, Mumbai. With a built-up area of approximately 1.2 million sq ft and an estimated Gross Development Value (GDV) of Rs 34 billion, the project significantly strengthens Marathon’s commercial portfolio in South Mumbai.Monte South Commercial is part of the larger Monte South campus, which includes four residential towers totalling over 1.6 million sq ft of saleable area. Tower A is ready with its Occupation Certificate (OC), Tower B has topped out..

Next Story
Infrastructure Urban

PTC Industries and BDL Form JV for Missile and UAV Propulsion

PTC Industries, a leading manufacturer of high-performance materials and precision-engineered components for Defence and Aerospace, has signed a Memorandum of Understanding (MoU) with Bharat Dynamics (BDL) to establish a Joint Venture (JV) for the design, development, and manufacture of propulsion systems, aero-engines, guided bombs, and loitering munitions for missiles and UAVs, subject to regulatory approvals.The MoU was exchanged during the Lokarpan Ceremony of PTC’s Titanium & Superalloys Materials Plant at the Strategic Materials Technology Complex (SMTC), Lucknow, in the presence o..

Next Story
Infrastructure Urban

J&K Bank Reports H1 Net Profit of Rs 9.79 Bn, Q2 at Rs 4.94 Bn

J&K Bank announced a net profit of Rs 4.94 billion for the July–September quarter (Q2) of the current financial year (CFY), bringing its half-year (H1) net profit to Rs 9.78 billion, up from Rs 9.66 billion in H1 last fiscal. The results were approved by the Bank’s Board of Directors at a meeting held at its Corporate Headquarters.The Q2 performance was moderated by Rs 920 million provisioning towards its investment in Jammu and Kashmir Grameen Bank following the amalgamation of Ellaquai Dehati Bank under the “One State, One RRB” initiative. Total provisioning for H1 stands at Rs 1..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?