Asian Development Bank to invest USD 10 billion in India
Regional development bank, the Asian Development Bank (ADB) has plans to invest $10 billion in India’s urban infrastructure over 5 years. The focus of the investment would be on metro rail expansion, regional rapid transit corridors (RRTS), and city-level services such as water, sanitation, and housing.
As per the ABD, the investment plan would combine sovereign loans, private sector funding, and third-party capital.
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