Delhi-Meerut Regional Rapid Transit System Investment Project (Tranche 4) (ADB-51073-006)

Regions
  • South Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • India
Geographic location where the impacts of the investment may be experienced.
Specific Location
Nation-wide, Delhi
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Sep 26, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of India - Ministry of Housing and Urban Affairs
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 299.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Media Documents
Other Related Projects
Primary Source

Original disclosure @ ADB website

Updated in EWS Jan 22, 2026

Disclosed by Bank Sep 29, 2025

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, ADB received the periodic financing request for tranche 4 on 19 March 2025. The project is still in line with the Functional Plan on Transport for the NCR, which recommends an integrated multimodal transport system to improve the mobility of people and goods in the NCR. Tranche 4 is aligned with the facility's impact: urban mobility in the NCR improved. It will have the following outcome: efficiency, safety, social inclusiveness, and environmental sustainability of transport in the Delhi-Meerut RRTS corridor improved. The project is progressing well and all outputs are expected to be completed by 2027. For tranche 4, ADB is reinforcing gender equality and social inclusion (GESI) by including a target for women in institutional capacity development, particularly in project and contract management, financial management, procurement, and safeguards.

India and the Asian Development Bank (ADB) signed the framework financing agreement (FFA) for the Delhi-Meerut Regional Rapid Transit System (RRTS) Investment Project on 23 June 2020. ADB approved the multitranche financing facility (MFF) in an aggregate principal amount of $1,552 million on 18 August 2020. The MFF is estimated to be completed by 30 August 2027. The MFF uses the time-slice approach for large-scale stand-alone projects. Project design, procurement, and safeguards were fully identified and appraised as part of the MFF's due diligence. The Ministry of Housing and Urban Affairs (MOHUA) is the executing agency, and the National Capital Region Transport Corporation (NCRTC) is the implementing agency.

The investment project finances the first of three prioritized rail corridors of the planned RRTS network in the National Capital Region (NCR) of India. The Delhi-Meerut RRTS will pass through densely populated sections of the NCR, connecting Delhi to Meerut in the state of Uttar Pradesh. With a design speed of 180 kilometers (km) per hour and high-frequency operations of 5-10 minutes, the 82-km corridor is expected to reduce journey time from 3-4 hours to about 1 hour. It will provide safe, reliable, and high-capacity commuter transit services.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Environment: A
Involuntary Resettlement: A
Indigenous Peoples: C

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

The financing amount is $299,000,000, which will be financed on a loan basis by ADB’s ordinary capital resources.


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

For the MoHUA:

Secretary
Ministry of Housing and Urban Affairs
Nirman Bhawan
New Delhi - 110011

 For ADB:

Asian Development Bank
6 ADB Avenue
Mandaluyong City
1550 Metro Manila
Philippines
Facsimile Numbers: (632) 8636-2444

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.adb.org/forms/request-information-form

ADB has a two-stage appeals process for requesters who believe that ADB has denied their request for information in violation of its Access to Information Policy. You can learn more about filing an appeal at: https://www.adb.org/site/disclosure/appeals

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main.

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