Archive · 2 Jun 2025
ADB Commits $10 Billion to Boost India's Urban Development
The Asian Development Bank (ADB) is giving India $10 billion over the next five years to improve cities.
This money will help build metro lines, improve water and sanitation, and upgrade city services.
ADB wants to help India become a developed country by 2047.
They are working on projects in 110 cities.
They are also helping with skills training to boost jobs.
ADB has committed $10 billion to support India's urban development.
The commitment will be over the next five years.
Funds will be used for metro expansion and city services.
The initiative will leverage sovereign loans and private sector financing.
ADB is supporting skills development under the National Industrial Training Institute Upgradation Program.
- Who
- ADB President Masato Kanda and Prime Minister Narendra Modi
- What
- ADB committed $10 billion for India’s urban development, including metro expansion.
- When
- Saturday, June 01, 2025
- Where
- India
- Why
- To support India's urban development and help India achieve developed nation status by 2047.
- ADB Commitment
- USD 10 billion
- Commitment Duration
- 5 years
- Focus Areas
- Urban infrastructure, metro and transit
- Vision
- Viksit Bharat 2047
- Cities Involved
- 110 cities across 22 states
Sources
ADB commits $10 billion to boost India’s urban development and metro expansion
PM Modi meets ADB president Masato Kanda
PM Modi meets ADB President Masato Kanda, bank commits USD 10 billion for India's urban infrastructure
