The Asian Development Bank (ADB) has approved a $1 billion loan to support the construction of the modern, high-speed Delhi–Meerut Regional Rapid Transit System.
According to a statement, financing for the project will be implemented in four tranches between August 2020 and May 2025. The Government of India will provide $1.89 billion and co-financiers are expected to provide $1 billion of the total project cost of $3.94 billion, the multilateral development bank.
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 disabled persons.
The 82-kilometer Delhi–Meerut regional Rapid Transit System (RRTS) network is the first of three priority Rail corridors in the country's integrated transport network under the NCR Regional Plan 2021.
The project, being implemented by the NCR Transport, a corporation under the ministry of housing and urban affairs will finance the construction of railway tracks, station buildings, maintenance facilities, and traction and power supply.
“Efficient and integrated transport solutions are critical for managing the rapid urbanization and ensuring balanced urban development of the region”
According to ADB's principal transport specialist Sharad Saxena, efficient and integrated transport solutions are critical for managing the rapid urbanization and ensuring balanced urban development of the region.
He added, this project will also provide safe, reliable and seamless travel between Delhi and other NCR cities and pave the way for a paradigm shift in mobility across the NCR.The transit system project aims to help decongest the city and improve regional connectivity by establishing transit options through the densely populated sections of the NCR connecting Delhi to Meerut in the state of Uttar Pradesh.
RRTS has a design speed of 180 kilometers per hour (kmph) and maximum operating speed of 160 kmph, and will connect suburban and urban centers in the National Capital Region (NCR) running from one city center to another
The Delhi-Ghaziabad-Meerut RRTS corridor is one of the three prioritized RRTS corridors to be implemented in phase 1. The other two prioritized RRTS corridors are Delhi-Gurugram-SNB and Delhi-Panipat.