ADB Approves $190 Million Loan For Indore Metro Project
RAILWAYS & METRO RAIL

ADB Approves $190 Million Loan For Indore Metro Project

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).
Once completed, the Indore Metro will provide a modern, efficient, and sustainable transport system, reducing congestion, lowering emissions, and improving the quality of life for residents. 

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).Once completed, the Indore Metro will provide a modern, efficient, and sustainable transport system, reducing congestion, lowering emissions, and improving the quality of life for residents. 

Next Story
Infrastructure Urban

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Next Story
Infrastructure Energy

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Next Story
Real Estate

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement