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Regional Rapid Transit System Project (RRTS)

Regional Rapid Transit System Project (RRTS)

Context:

The government of India and the New Development Bank signed an agreement for USD 500 Million to Provide Fast, Reliable, Safe and Comfortable Public Transport System in the National Capital Region.

Details:

  • NDB funds will be utilized for procuring signaling, telecommunication, and train control system with advanced features such as automatic train operation, automatic train protection, automatic train supervision, and integration with platform screen doors.
  • The Project can serve as a demonstration for developing high capacity rapid urban transit corridors in other urban areas of India.

Significance:

  • The NCR is among the world’s largest urban population and also a major economic center of India. Due to the lack of efficient public transport options, the number of private vehicles in NCR has increased.
    • The daily passenger traffic along the Delhi-Ghaziabad-Meerut corridor is estimated at 0.69 million, of which 63% utilize private vehicles for commuting.
  • Due to traffic congestion, it can take about 3 to 4 hours to travel between Delhi and Meerut in Uttar Pradesh by road during peak hours.
  • Rapid growth in vehicular traffic has made NCR one of the most polluted regions in the world. By 2030, NCR is projected to become the most populous urban agglomeration in the world.
    • The increased population will increase pressure on basic infrastructures such as housing, water supply, electricity, and transport.
  • The fast transit system will support achieving the goal of sustainable urban development in the NCR region including the National Capital Territory of Delhi.
    • It will activate processes that will enable sustainable economic and social development with environmental protection, for future generations.
  • The environment friendly and very low emission RRTS will carry many times more people at high speed (average speed 100 kmph) while occupying just 3 m space on land thus reducing congestion on the roads. 

New Development Bank (NDB):

  • It is a multilateral development bank operated by the BRICS states (Brazil, Russia, India, China, and South Africa).
  • It was jointly founded by the BRICS countries (Brazil, Russia, India, China, and South Africa) at the 6th BRICS Summit in Fortaleza, Brazil in 2014.
  • It was formed to support infrastructure and sustainable development efforts in BRICS and other underserved, emerging economies for faster development through innovation and cutting-edge technology.
  • Headquarter: Shanghai, China
  • In 2018, the NDB received observer status in the United Nations General Assembly, establishing a firm basis for active and fruitful cooperation with the UN.

Source: The Hindu