NDB and Government sign Rs 370 bn loan pact

23 Nov 2020 Editorial Team

The RRTS project will develop a cost-effective and viable regional passenger transport system which reduces overcrowding. A new way of commute will be offered to the public, which allows them to travel from Delhi to its surrounding cities through a fast public transportation system.

In a statement, NCRTC said that the funds from the loan would be used to finance work on the RRTS, such as operational structures, signalling systems, rolling stock, houses for the active workforce, telecommunication system, train control and various other works of the corridor.

Managing Director of NCRTC, Vinay Kumar Singh said that the NCRTC is dedicated towards the vision of Prime Minister Narendra Modi’s Atmanirbhar Bharat. He believes that this is a unique joint funding arrangement which allows Make in India provision in procurements.

Singh further stated that the loan agreement with the NDB would have a positive impact on NCRTC’s efforts of creating a homegrown capacity to build a modern infrastructure for the New India.

He also commented that the RRTS would significantly reduce pollution and overcrowding and have an all-round development in the NCR region. The RRTS will be equipped with features like multi-modal integration and interoperability, which will allow them to provide fast, reliable, secure, and all-weather connectivity.

A paradigm shift will be seen in favour of public transport after the implementation of the Delhi-Ghaziabad-Meerut RRTS. It is estimated that the share of public transport will move up to 63% from 37% in that region. The RRTS will, in the long run, help in reducing pollution and overpopulation by a considerable margin.

A loan agreement with the ADB of Rs 370 billion($500 million) was signed for the funding of the Delhi-Ghaziabad-Meerut RRTS corridor, in September. The Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB), under a parallel financing agreement, will co-finance the 82 km Delhi-Ghaziabad-Meerut RRTS corridor together, with a project cost of Rs 302.75 billion.

Out of a total of 24 stations of the Delhi-Ghaziabad-Meerut RRTS corridor, 70.5 km will be elevated, while the remaining 11.5 km will be underground. The RRTS corridor is scheduled to begin operation in 2023 with the 17 km long stretch between Sahibabad and Duhai. By 2025, the entire corridor will be opened for the public.

The government entered into a loan agreement last week with China-headquartered New Development Bank (NDB) for Rs 370 billion ($500 million). The loan will be used for funding the Delhi-Ghaziabad-Meerut Regional Rapid Transit System (RRTS). The project agreement was signed by the Ministry of Housing and Urban Affairs (MoHUA), the National Capital Region Transport Corporation (NCRTC), and NDB.The RRTS project will develop a cost-effective and viable regional passenger transport system which reduces overcrowding. A new way of commute will be offered to the public, which allows them to travel from Delhi to its surrounding cities through a fast public transportation system.In a statement, NCRTC said that the funds from the loan would be used to finance work on the RRTS, such as operational structures, signalling systems, rolling stock, houses for the active workforce, telecommunication system, train control and various other works of the corridor.Managing Director of NCRTC, Vinay Kumar Singh said that the NCRTC is dedicated towards the vision of Prime Minister Narendra Modi’s Atmanirbhar Bharat. He believes that this is a unique joint funding arrangement which allows Make in India provision in procurements. Singh further stated that the loan agreement with the NDB would have a positive impact on NCRTC’s efforts of creating a homegrown capacity to build a modern infrastructure for the New India.He also commented that the RRTS would significantly reduce pollution and overcrowding and have an all-round development in the NCR region. The RRTS will be equipped with features like multi-modal integration and interoperability, which will allow them to provide fast, reliable, secure, and all-weather connectivity.A paradigm shift will be seen in favour of public transport after the implementation of the Delhi-Ghaziabad-Meerut RRTS. It is estimated that the share of public transport will move up to 63% from 37% in that region. The RRTS will, in the long run, help in reducing pollution and overpopulation by a considerable margin.A loan agreement with the ADB of Rs 370 billion($500 million) was signed for the funding of the Delhi-Ghaziabad-Meerut RRTS corridor, in September. The Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB), under a parallel financing agreement, will co-finance the 82 km Delhi-Ghaziabad-Meerut RRTS corridor together, with a project cost of Rs 302.75 billion.Out of a total of 24 stations of the Delhi-Ghaziabad-Meerut RRTS corridor, 70.5 km will be elevated, while the remaining 11.5 km will be underground. The RRTS corridor is scheduled to begin operation in 2023 with the 17 km long stretch between Sahibabad and Duhai. By 2025, the entire corridor will be opened for the public.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Infrastructure Transport

30 May 2026

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Infrastructure Urban

30 May 2026

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..