Current Affairs - Finance - Discussion

The Asian Development Bank (ADB) approved a $200 million loan for the Nagpur Metro Urban Mobility Project to enhance and expand metro rail connectivity. The project includes the construction of 43.8 km of elevated rail corridors with 32 stations, integrating with city transport services, promoting non-motorized transport, and developing a 5-year action plan. ADB, headquartered in the Philippines and led by President Masatsugu Asakawa, plays a crucial role in funding and supporting infrastructure projects across Asia.