<ul><li>Asian Development Bank (ADB) announces a $10 billion investment for India's urban transformation, including metro extensions and urban infrastructure.</li><li>ADB's five-year initiative aims to mobilize capital, accelerate delivery, and scale solutions for India's urban economy.</li><li>The initiative is supported by India's Urban Challenge Fund (UCF) to draw private investment for urban infrastructure, with ADB providing additional technical assistance.</li><li>ADB has made a country partnership strategy with India for 2023-2027, committing over $5 billion in financing each year to support urban projects and private investment.</li></ul>

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

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