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
Technology

RIB Software India Expands Market Presence

RIB Software India, a subsidiary of RIB Software SE under Schneider Electric, is expanding its presence across India’s USD 1 trillion construction sector through strategic leadership and a robust suite of digital solutions that address the nation’s evolving infrastructure and project delivery needs.The Indian construction sector, marked by rapid urbanization, fluctuating market dynamics, and increasing demands for efficiency and transparency, requires robust digital tools and agile strategies. This is backed by adoption and investment towards BIM, compliance, quality control, carbon calcul..

Next Story
Technology

TCS To Drive Lion’s Digital Transformation

Lion, the Sydney-headquartered beverage company with operations across Australia and New Zealand, has selected Tata Consultancy Services (TCS) to manage and transform its information technology landscape. The partnership aims to boost Lion’s operational resilience and productivity through a scalable operating model, service-delivery automation, and the infusion of Artificial Intelligence for smarter business outcomes. Under this collaboration, TCS will lead Lion’s shift from legacy systems to a modern cloud-based infrastructure, strengthen its cybersecurity framework, and oversee applicat..

Next Story
Infrastructure Energy

Inox Wind Secures 100 MW Gujarat Order

Inox Wind Limited (IWL), one of India’s leading wind energy solutions providers, has announced a 100 MW equipment-supply order from a major green energy transition platform. The contract covers the delivery of IWL’s advanced 3.3 MW wind turbines for projects being developed in Gujarat. In addition, the company will offer limited-scope EPC services along with multi-year operations and maintenance support after the turbines are commissioned. Sanjeev Agarwal, Chief Executive Officer of Inox Wind, said the company was pleased to secure a 100 MW order from a new client, noting that several mor..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement