Rapid rail AC order to China firm under DPIIT scanner

Rapid rail AC order to China firm under DPIIT scanner

The Department for Promotion of Industry and Internal Trade (DPIIT) is likely to review the award of air conditioning contract for metro cars for the Delhi-Meerut Rapid Regional Transport System (RRTS) to a Chinese company for any possible violation of the Make in India guidelines. The project is being developed by the National Capital Region … Read more

ADB, government ink USD 500 mn loan pact for Delhi-Meerut highway

ADB, government ink USD 500 mn loan pact for Delhi-Meerut highway

New Delhi: The government has signed a USD 500-million loan agreement with the Asian Development Bank for funding the 82-kilometre Delhi-Meerut Regional Rapid Transit System (RRTS) corridor, the mutlilateral funding agency said on Tuesday. “The Asian Development Bank (ADB) and the Government of India today signed a USD 500 million loan, the first tranche of … Read more