Asian Development Bank Pours $176M Into India Rail Project

Law360, New York (December 17, 2013, 3:22 PM EST) -- The Asian Development Bank will lend $176 million to Jaipur, one of India’s largest cities, to extend its first train line and draw up plans for a second one in an effort to alleviate congestion and reduce pollution in the fast-growing area, the bank said Monday.

Jaipur, which is the capital city of the state of Rajasthan, was home to roughly 3.1 million people as of 2011, making it the 10th-largest city in India. The population is also set to grow to 8.1 million by 2031, making...
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