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ADB President Masato Kanda met Prime Minister Narendra Modi on 31 May.
The Asian Development Bank (ADB) has announced a 5 -year plan to invest up to 10 billion dollars, or about 86 thousand crore rupees in India’s urban infrastructure projects. In this plan, focus will be made on city-level services like metro rail expansion, regional rapid transit corridors (RRTs) and water, sanitation, housing.
ADB President Masato Kanda said in his India visit on 31 May that Sovereign Lones, Private Sector Funding and Third-Party Capital will be included in this plan. This investment will support India’s Organization Strategy, as the country’s target is to improve infrastructure in the hope of its more than 40% of its population to live in cities by 2030.
Funding will be done through urban challenge funds of India
After a meeting with Prime Minister Narendra Modi, Kanda said that this initiative will support projects that improve connectivity and urban services. This funding will be done through India’s Urban Challenge Fund (UCF).
The purpose of which is to attract private capital for city infrastructure. ADB will also provide a technical assistant of $ 3 million, or about 26 crore rupees to help designing these projects and supporting local governments.
27 active loans worth 44 thousand crores in urban portfolio
ADB has been among urban projects in more than 110 Indian cities in 22 states, including sectors such as water supply, solid waste management, sanitization and housing. The current urban portfolio of the bank includes 27 active loans worth $ 5.15 billion, or 44 thousand crore rupees.
ADB committed 34.22 thousand crores in 10 years
Talking about Urban Transport, ADB has committed a commitment of $ 4 billion i.e. 34.22 thousand crores for metro and RRTS projects in the last 10 years, which will spread about 300 kilometers in 8 cities including Delhi, Mumbai, Nagpur, Chennai and Bengaluru.
Masato Kanda also met Finance and Housing Minister
Kanda discussed the expansion of the metro network with Finance Minister Nirmala Sitharaman and Housing and Urban Affairs Minister Manohar Lal, connecting the transit-oriented development (TOD) and increasing the rooftop solar capacity. Discussions also included increasing the Urban Challenge Fund and repeating the existing urban transport model in other areas.
ADB President Masato Kanda met Finance Minister Nirmala Sitharaman.
Kanda inspected ADB supported Delhi-Meerut RRTS Corridor
During his visit, Kanda inspected the ADB supported Delhi-Meerut RRTS Corridor and also met the beneficiaries of Skill Development Programs associated with Infrastructure Projects. He also visited Renewable Energy firm Renew in Gurugram. Apart from this, he held a round table meeting with corporate leaders of several sectors including infrastructure, finance and energy.
Under its 2023-2027 Country Strategy, ADB has committed more than $ 5 billion (42.78 thousand crore rupees) to India in annual financeing. Which includes non-serven loans up to $ 1 billion (Rs 8,556 crore) to support private sector investment.
By April 2025, ADB gave India a sovereign loan of 5.09 lakh crores
As of April 2025, ADB’s Total Sovereign Loan given to India is $ 59.5 billion (Rs 5.09 lakh crore), with $ 9.1 billion (Rs 77.86 thousand crore) non-serven investment. Its active portfolio includes 81 loans of $ 16.5 billion (Rs 1.41 lakh crore). The ADB established in 1966 is a multi -selral development bank. Which has 69 members of the countries, of which 50 are of Asia-Pacific region.
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