New Delhi, June 2 -- Asian Development Bank President Masato Kanda has unveiled a comprehensive five-year initiative to mobilise up to USD 10 billion in funding, including third-party capital, aimed at strengthening India's urban infrastructure and services.

The announcement follows Kanda's meeting with Prime Minister Narendra Modi, where the ambitious urban development strategy was outlined.

The funding initiative will prioritise metro system expansions, development of new Regional Rapid Transit System corridors, and investments in sustainable urban development projects.

Kanda emphasised the critical role of urban centres in economic growth, stating that ADB will mobilise capital, accelerate project delivery, and scale solutions to su...