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Current Affairs

ADB to fund Indian infra projects

  • Asian Development Bank (ADB) has given in principle nod for financing four metro rail projects and Rs 30,000 crore rapid rail corridor between Delhi and Meerutwith the Centre, as part of its effort to improve urban transport system in India. Other Projects especially expansion of Chennai and Bengaluru Metro are also under consideration.
  • ADB has funded Jaipur Metro and expansion of Mumbai Metro in the past.

Formation of ADB– 1966

Headquarters– Manila, Philippines

President– TakehikoNakao