The Asian Development Bank has committed a record USD 3.92 billion in sovereign loans for 13 projects to India, including USD 1.8 billion in COVID-19 related projects to support the government's pandemic response. The bank informed that throughout 2020, ADB continued its regular assistance to energy, transport, urban development, and public sector management in India. As per the ADB's statement, among the new projects committed in 2020 include USD 500 million to build a high-speed 82-km Delhi-Meerut Regional Rapid Transit system corridor; energy sector loans to strengthen distribution network in Maharashtra, Karnataka, Uttar Pradesh, and Meghalaya and to build a 120-megawatt hydroelectric power plant in Assam. In the urban sector, ADB approved loans for sustainable urban development in secondary and smaller towns in Rajasthan and Madhya Pradesh. ADB also granted funds to support the West Bengal government's fiscal consolidation program. Through its project readiness financing, ADB committed funds to provide Tripura and HP with capacity development support for planning and designing.
📅Published on:
21 May 2021
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