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ADB approves $500 million loan for metro rail lines in Bengaluru

The project will construct two new metro lines, mostly elevated, with a total length of 56 kilometres along Outer Ring Road and National Highway 44 between Central Silk Board and Kempegowda International Airport, ADB said in a statement.

An additional $2 million technical assistance grant from ADB will help the state government formulate urban development plans and their implementing frameworks, focusing on transit-oriented development and multimodal integration.(REUTERS)
Published on Dec 08, 2020 07:35 PM IST
New Delhi | ByPress Trust of India | Posted by Nilavro Ghosh

ADB approves $2.5 million for advanced biofuel development in India

The grant is funded from the Asia Clean Energy Fund, financed by the Government of Japan under the Clean Energy Financing Partnership Facility, and the Republic of Korea’s e-Asia and Knowledge Partnership Fund.

In a statement, ADB said the technical assistance (TA) will support development of advanced bioethanol, bio-compressed natural gas, and biodiesel plants to demonstrate the best practices for suitable feedstock, efficient conversion technology, and sustainable biofuel value chain.(REUTERS)
Published on Dec 07, 2020 08:29 PM IST
New Delhi | ByPress Trust of India | Posted by Nilavro Ghosh

ADB to provide USD 563 million loan for power projects in UP, Meghalaya

The Asian Development Bank (ADB) has approved a USD 430 million multi-tranche financing facility (MFF) to improve the quality and reliability of electricity supply in Uttar Pradesh in India. ADB has also signed a USD 132.8 million loan to strengthen and modernise the distribution network and improve the quality of power supplied to households, industries, and businesses in Meghalaya.

The Asian Development Bank (ADB) has approved a USD 430 million multi-tranche financing facility (MFF) for Uttar Pradesh and a USD 132.8 million loan for Meghalaya.(Representative photo)
Published on Dec 01, 2020 07:20 PM IST
Press Trust of India | ByPress Trust of India | Posted by Mallika Soni

A reality check on the economy | HT Editorial

Economic data presents a challenging picture. Don’t delay a second stimulus

The government has argued that a V-shaped recovery is underway in the economy. But almost all institutional and private forecasts do not support this claim(PTI)
Updated on Sep 15, 2020 09:38 PM IST
Hindustan Times | By

ADB approves $1 billion package for Delhi-Meerut rapid rail project

The 82-km corridor that will connect Sarai Kale Khan in Delhi, Ghaziabad and Meerut will have with a total of 24 stations -- 21 in Uttar Pradesh and the rest in Delhi.

Civil construction work for the project is on in full swing over a 50km stretch between Sahibabad in Ghaziabad and Shatabdipuram in Meerut.(Sakib Ali/H Archive)
Updated on Aug 19, 2020 05:48 AM IST
Hindustan Times, Ghaziabad | By, Ghaziabad
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