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ADB President announces $10 billion for India’s urban infrastructure

New Delhi [India], June 1 (ANI): Asian Development Bank (ADB) President Masato Kanda has committed up to USD 10 billion, including third-party capital, for India’s urban transformation, including metro extensions, new regional rapid transit system (RRTS) corridors, and urban infrastructure and services.

This is a five-year initiative, ADB said in a statement on Sunday.

‘Cities are engines of growth,’ ADB