ADB President Announces $10 Billion Plan for India’s Urban Transformation

ADB President announces $10 Billion plan for India’s Urban Transformation

NEW DELHI : Asian Development Bank (ADB) President Masato Kanda announced a 5-year initiative aimed at transforming urban infrastructure across India, directing up to $10 billion, including third-party capital, into urban transformation including metro extensions, new regional rapid transit system (RRTS) corridors, and urban infrastructure and services. “Cities are engines of growth,” Mr. Kanda said after meeting Prime Minister of India Shri Nar…

ADB President Masato Kanda pledges $10 billion for Indian urban infrastructure - Tamil News | Online Tamilnadu News | Tamil Cinema News | Chennai News | Chennai Power shutdown Today

Asian Development Bank (ADB) President Masato Kanda announced that the ADB will invest $10 billion in Indian urban infrastructure over a period of five years. This investment aims to transform urban infrastructure across India, including metro extensions, new regional rapid transit system (RRTS) corridors, and urban services, ADB said in a statement. “Cities are engines of growth,” Mr Kanda said… Continue reading "ADB President Masato Kanda pled…