ADB’s 500 million dollar loan will be used to build 82 km Delhi-Meerut RRTS corridor

  • | Tuesday | 8th September, 2020

India and Asian Development Bank (ADB) on Tuesday signed a 500 million dollar loan, the first tranche of a total one billion dollar facility will be used to build RRTS.

A high-speed 82-km Delhi-Meerut regional rapid transit system (RRTS) corridor will be built to improve regional connectivity and mobility in the national capital region.

India and Asian Development Bank (ADB) on Tuesday signed a 500 million dollar loan, the first tranche of a total one billion dollar facility will be used to build RRTS.

With a design speed of 180 km per hour and high-frequency operations of every five to ten minutes, the corridor connecting Sarai Kale Khan in Delhi to Modipuram at Meerut in Uttar Pradesh is expected to reduce the journey time to about one hour from the present three to four hours.

The RRTS will have multi-modal hubs to ensure smooth inter-change with other transport modes. The first tranche loan will support construction of the first of three priority rail corridors planned under the NCR Regional Plan 2021 to connect Delhi to other cities in adjoining states.

The signatories to the loan agreement were Sameer Kumar Khare, Additional Secretary (Fund Bank and ADB) at the Department of Economic Affairs in Ministry of Finance who signed for the government, and Kenichi Yokoyama, Country Director of ADB`s India Resident Mission who signed for ADB.

"The project will provide better connectivity to allow other towns in the NCR to develop as urban economic centres surrounded by residential areas while easing the concentration pressure on Delhi," said Mr. Khare after signing the agreement.

"Development of this corridor will have a huge demonstration effect and pave the way for a paradigm shift in mobility and the pattern of urban development within the region," he said.


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