CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Who approved USD 1 billion loan for Delhi-Meerut Regional Rapid Transit System, a 1st of its kind in India?
A
ADB
B
World Bank
C
IBRD
D
IDA
Explanation: 

Detailed explanation-1: -The Asian Development Bank (ADB) has agreed to provide a $1bn loan for the development of Delhi–Meerut Regional Rapid Transit System (RRTS) in India. The funding will be used to support construction works of the rapid transit system that seeks to improve regional connectivity in the national capital region (NCR).

Detailed explanation-2: -UPSC Mains. Notes: India’s first Regional Rapid Transit System (RRTS) between Delhi and Meerut, is being designed by global mobility provider Alstom in Hyderabad and manufactured in Savli, Gujarat.

Detailed explanation-3: -New Delhi: The first train set of India’s first Regional Rapid Transit System reached Duhai Depot on Monday. This train set was brought by road on a trailer from the manufacturing plant located in Savli, Gujarat. This train set was brought by road on a trailer from the manufacturing plant located in Savli, Gujarat.

Detailed explanation-4: -ADB Approves $1 Billion Package for Rapid Transit System in India. The Asian Development Bank (ADB) has approved a $1 billion loan to support construction of the modern, high-speed Delhi–Meerut Regional Rapid Transit System, a first of its kind in India.

Detailed explanation-5: -The first train is called Rapid Rail and will run from Modipuram via Begumpur Partapur to Sarai Kale Khan of Delhi. The second one is called Meerut Metro and will run from Modipuram via Begumpur to Partapur. The number of rapid rail trains will be up to 30, at a frequency of every 10 minutes.

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