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ADB, India Sign $176 Million Loan to Extend Jaipur's New Metro Line
NEW DELHI, INDIA – The Asian Development Bank (ADB) and the Government of India today signed a $176 million loan that will fund the extension of Jaipur’s first metro train line. Extending the line will reduce both congestion and pollution in the fast-growing Indian heritage city.
“Efficient and modern public transport is key to making cities more livable by making it easier for people to get to their workplace and home again. It also means fewer cars on the roads which also leads to cleaner air,” said M. Teresa Kho, Country Director of ADB’s India Resident Mission, who signed the loan agreement, on behalf of ADB.
Nilaya Mitash, Joint Secretary (Multilateral Institutions), Department of Economic Affairs at the Ministry of Finance, signed for the Government of India. The project agreements were signed by D. B. Gupta, Principal Secretary, Urban Development and Housing, Government of Rajasthan and Nihal Chand Goel, Chairman and Managing Director, Jaipur Metro Rail Corporation Ltd.
“The metro rail network is expected to provide mass rapid transit capacity for the city’s major mobility corridors, and achieve a vision of an improved public transport system in Jaipur – optimizing general mobility, enhancing quality of life, and making the city more pleasant to live and work in,” said Mr Mitash.
In July, a new 9.7-kilometer-long, elevated Line 1 metro train line from Mansarovar, in the western part of the city, to Chandpole, on the western edge of the central business district will open. ADB’s loan will help finance an additional 2.3-kilometer underground stretch from Chandpole to Badi Chopar a little further east, along with two stations, that should be ready to provide access to the central business district by March 2018.
By providing connections to the entire central business district, ADB’s extension is expected to carry 126,000 passengers every day during its first year of operation, and generate around 61% of all the trips on Line 1. The stations along the full Line 1 will connect with existing and planned bus routes to help people get to other parts of the city much faster.
ADB’s loan will also help finance studies into a planned 23-kilometer-long, north-south Line 2 metro line. The study will start later this year and be completed towards the end of 2015.