NEW DELHI : Asian Development Bank (ADB) President Masato Kanda announced a 5-year initiative aimed at transforming urban infrastructure across India, directing up to $10 billion, including third-party capital, into urban transformation including metro extensions, new regional rapid transit system (RRTS) corridors, and urban infrastructure and services.
“Cities are engines of growth,” Mr. Kanda said after meeting Prime Minister of India Shri Narendra Modi. “ADB will mobilize capital, accelerate delivery, and scale solutions that keep India’s urban economy moving and people thriving on . . .
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