India, Asian Development Bank sign $400 million loan pact to build high-quality urban infrastructure

The Indian government has signed a $400 million loan agreement with the Asian Development Bank (ADB) to support its urban reform agenda. The loan will be used to create high-quality urban infrastructure, improve service delivery, and promote efficient governance systems. The program aims to make cities livable and centers of economic growth through inclusive and sustainable infrastructure. It will support the implementation of Atal Mission for Rejuvenation and Urban Transformation (Amrut) 2.0.