India and Asian Development Bank (ADB) on Tuesday signed a 500 million dollar loan, the first tranche of a total one billion dollar facility, to build a modern, high-speed 82-km Delhi-Meerut regional rapid transit system (RRTS) corridor that will improve regional connectivity and mobility in the national capital region.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 loan agreement were Sameer Kumar Khare, Additional Secretary (Fund Bank and ADB) at the ...
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The grant will be used to procure thermal scanners and essential commodities to strengthen the India's Covid-19 response
US dollar-denominated lending has increased across banks in high-income Asian economies, notes ADB briefing paper
When contacted, Lavasa said: "I have no information regarding this. The decision will be taken by the bank."
Manila-based lender plans to raise around $30 billion to $35 billion from the capital markets in 2020
There is a sharp decline in resistance to change that is catalysing some long pending reforms and transformations in both industry and society
For the countries in developing Asia, ADB forecasts growth of 0.1 per cent for the region in 2020
Hit hard by Covid-19, South Asia is forecast to contract by 3 per cent in 2020, compared to 4.1 per cent growth predicted in April
PPPs can help by bringing in private sector capital and technical expertise as governments continue to look for value for money in infrastructure provision, the authors said.
So, while we have achieved some success on the health front, are the steps taken to revive the economy adequate?
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The loan has been sanctioned with a view to support immediate priorities such as disease containment and prevention
The Asian Development Bank said it has also approved measures to streamline its operations for quicker and more flexible delivery of assistance
The drug industry is hoping to compress the time it takes to get a vaccine to market - usually about 10 to 15 years - to within the next year
The ADB president on Friday called Finance Minister Nirmala Sitharaman to discuss the issue and assured support to India in its fight against the coronavirus disease
The number of active cases stands at 2,322, while 162 people were either cured or discharged and one had migrated, the ministry stated.
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