Key Points
One of the ADB loans is for a project that supports Indias National Industrial Corridor Development programme and the other will part-finance the construction of the 82-kilometer Delhi-Meerut Regional Rapid Transit System (RRTS) corridor, according to the statements by the multilateral institution...
The project will help the RRTS improve urban mobility, and women and the differently abled will benefit from its economic impact, Mukherjee said.. Passing through the populated sections of the national capital region, the 82-km corridor is aimed at providing fast, safe, and high-capacity commuter transit services, expanding economic and job opportunities by cutting travel time from three-four hours now to about one hour, according to one of the statements...
The other loan of $250 million will continue support to industrial corridor development to make manufacturing more competitive, bolster national supply chains and links with regional and global value chains, and create more and better jobs, according to another ADB statement...
This loan builds on another financing of $250 million approved by the ADB in October 2021 that helped strengthen policy frameworks for Indias National Industrial Corridor Development Programme (NICDP) and develop 11 industrial corridors, it added...
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