ADB Approves $200M Loan for Nagpur Metro Expansion.
Banking & Finance
The Asian Development Bank (ADB) has approved a $200 million loan to support the expansion of Nagpur’s metro rail network and enhance urban mobility. This funding will be used to extend existing metro lines, improve connectivity, and reduce traffic congestion in the city. The project aims to provide a more efficient and sustainable transportation option for Nagpur's growing population. The loan reflects ADB's commitment to promoting infrastructure development and urban transit solutions in India, contributing to the country's broader goals of smart city growth and improved quality of life for its residents.
The loan will facilitate the addition of new metro stations and routes, boosting Nagpur’s public transportation efficiency.
This investment aims to reduce urban traffic congestion and enhance the overall quality of life for residents.
President: Masatsugu Asakawa
Headquarters: Mandaluyong, Philippines
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