India, NDB sign agreement for $1,000 million to provide support to Aatma Nirbhar Bharat Abhiyan
NEW DELHI: The government of India and the New Development Bank (NDB) today signed a loan agreement for lending $1,000 million for ‘supporting India’s economic recovery from COVID-19’ by supporting expenditures on rural infrastructure related to natural resource management (NRM) and rural employment generation under Government of India’s Mahatma Gandhi National Rural Employment Guarantee Scheme […]
India, NDB sign $500M agreement for NCR public transport project
NEW DELHI :The Government of India, the Ministry of Housing and Urban Affairs, National Capital Region Transport Corporation Limited and the New Development Bank(NDB) signed a loan agreement for lending USD 500 million for the ‘Delhi-Ghaziabad-Meerut Regional Rapid Transit System Project’to provide fast, reliable, safe and comfortable public transport system in the National Capital Region […]
NDB approves Rs 3,700 crore for Delhi-Ghaziabad-Meerut rail corridor
NEW DELHI: The New Development Bank (NDB) has approved $500 million (approx. Rs 3,700 crore) for the Delhi-Ghaziabad-Meerut Regional Rapid Transit System (RRTS), which aims to significantly reduce in pollution and congestion. The Delhi-Ghaziabad-Meerut RRTS is an 82.15 km long, under-construction, semi-high speed rail corridor connecting Delhi with Meerut in Uttar Pradesh. The RRTS corridor […]