Current Affairs - Economy - Discussion

The Asian Development Bank approved a USD 240 million loan to support the expansion of the Chennai Metro Rail network as part of a larger USD 780 million financing facility. This funding aims to improve urban mobility through the development of new metro lines and stations while promoting inclusivity, safety, and climate resilience. The project focuses on cleaner and more reliable public transport, disaster-resistant infrastructure, and long-term financial sustainability. ADB’s involvement reflects its broader role in supporting India’s urban infrastructure, low-carbon development, and inclusive growth objectives.