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5-year initiative - ADB Bank
June 9 , 2025
20 hrs 0 min
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- Asian Development Bank (ADB) has unveiled a $10 billion five-year initiative to transform urban infrastructure across India.
- The amount includes third-party capital and will be used for metro extensions, new regional rapid transit system corridors, and urban infrastructure and services.
- The ADB has already worked with more than 110 cities across 22 states on water supply, sanitation, housing, and solid-waste management projects.
- The ADB expects India’s GDP at 6.7% this year (FY2025-2026) and 6.8% next year (FY2026-2027).
- This is 2 percentage points higher than the developing Asian economies.
- ADB was founded in 1966, and owned by 69 members--50 from the region.
- It began operations in India in 1986.
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