ADB

In a bid among five competitors, China's Shanghai Tunnel Engineering Company Limited has won the tender for India's Delhi-Meerut Regional Rapid Transit System (RRTS). Reportedly, the conditional $1.5 billion borrowings from Asian Development Bank, Manila and Shanghai’s New Development Bank compelled India to allow Chinese players to participate in auction. The Chinese firm outperformed Turkey’s Gulermak to bag the construction project of 5.6-… read-more