MANILA, Oct. 1 (Xinhua) -- The Asian Development Bank (ADB) announced Wednesday that it has approved a 299-million-U.S.-dollar loan as the final tranche of the Delhi-Meerut Regional Rapid Transit System Investment Project, which is India's flagship initiative in the National Capital Region (NCR), designed to advance sustainable urban transportation.
The ADB said this fourth tranche brings the total ADB financing under the multi-tranche facility, approved in 2020, to 1.05 billion dollars.
The Delhi-Meerut RRTS, spanning 82 km, is the first of three prioritized corridors in the NCR aimed at revolutionizing regional connectivity by reducing travel time between Delhi and Meerut from over three hours to just one. ■
