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     * Telangana
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   * West Zone
     * Maharashtra
     * Madhya Pradesh
     * Gujarat
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     * Daman and Diu
     * Dadra and Nagar Haveli
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ASIAN DEVELOPMENT BANK, INDIA SIGN $500 MILLION LOAN FOR DELHI-MEERUT HIGH-SPEED
CORRIDOR

By
Tehelka Web Desk
-
September 8, 2020
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The Asian Development Bank (ADB) and the Government of India on Tuesday signed a
$500 million loan, the first tranche of a total $1 billion facility, to build a
modern, high-speed 82-kilometre Delhi-Meerut Regional Rapid Transit System
(RRTS) corridor that will improve regional connectivity and mobility in India’s
national capital region (NCR).

The first tranche loan will support the 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 project will provide better connectivity to allow other towns in the NCR to
develop as urban economic centers surrounded by residential areas while easing
the concentration pressure on Delhi,” said Sameer Kumar Khare, Additional
Secretary, Department of Economic Affairs in the Ministry of Finance 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.”

“The project is expected to have a transformational impact on the development
trajectory of the national capital region by introducing high-level technologies
for RRTS, signalling, and station designs,” Kenichi Yokoyama, Country Director
of ADB said. “Besides, the project will also support transit-oriented
development (TOD) with systematic urban and land use planning around the RRTS
corridor while promoting value capture financing (VCF) to generate additional
municipal revenues.”

With a design speed of 180 km per hour and high-frequency operations of every
5–10 minutes, the 82-km corridor connecting Sarai Kale Khan in Delhi to
Modipuram in Meerut in Uttar Pradesh is expected to reduce the journey time to
about 1 hour from the present 3–4 hours. The RRTS will have multimodal hubs to
ensure smooth interchange with other transport modes.

The first tranche financing will be used for the construction of electrified
tracks, signalling systems, multimodal hubs and stations with design features
that are friendly to the elderly, women, children and the disabled. It will also
support the National Capital Region Transport Corporation (NCRTC) in drafting
action plans on TOD, VCF instruments and public-private partnership (PPP)
initiatives, setting up a smart-technology based platform, and formulating a
gender-friendly workplace policy.

A $3 million grant from ADB’s Japan Fund for Poverty Reduction will support
various activities, including the provision of visual, hearing and mobility
aids, such as wheelchairs for differently-abled persons. Training for women and
differently-abled on safe mobility and employment opportunities and behavioural
change for public transport providers will also be given. The ADB-administered
multi-donor Urban Climate Change Resilience Trust Fund will provide $2.89
million to support innovations in building information modelling, universal
access design features, TOD and VCF.

 * TAGS
 * ADB
 * Asian Development Bank
 * Delhi-Meerut Regional Rapid Transit System

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