ADB plans to finance Delhi-Meerut Regional Rapid Transit System in India. Credit: XoMEoX.

Asian Development Bank (ADB) has reportedly given in-principle approval to finance the Rs300bn ($4.37bn) Delhi-Meerut Regional Rapid Transit System (RRTS) in India.

The regional development bank has also agreed to finance four other metro rail projects in the country.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

ADB Director General (South Asia) Hun Kim told news agency PTI that the RRTS is a large-scale project and it is planning to co-finance it with other multilateral funding agencies.

The Government of India approved the construction of the Delhi-Ghaziabad-Meerut Corridor of RRTS in February.

“Covering a distance of 82.15km, the project is the first high-speed regional transit system to be built in India.”

Covering a distance of 82.15km, the project is the first high-speed regional transit system to be built in India.

Once operational, the RRTS will offer fast commuter transport service across the National Capital Region (NCR).

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Additionally, the project will be integrated with other urban transport systems in the region.

The project will be delivered by the National Capital Region Transport (NCRTC), a special purpose vehicle jointly owned by the centre and state governments.

The central government has already committed to the financial assistance of Rs56.34bn ($811.7m) in the form of a grant and subordinate debt.

Besides supporting the Delhi-Meerut RRTS corridor, the ADB may finance four metro rail projects in the country.

Kim told the news agency that ADB is currently engaged in discussions with other multilateral funding agencies to co-finance Bhopal and Indore Metro projects. He added that supporting the expansion of Chennai and Bengaluru Metro are also under consideration.

In the past, ADB has financed the construction of Jaipur Metro and the expansion of Mumbai metro.