₹65,000 Crore Mega RRTS Project Gets GO-AHEAD! Delhi-NCR Connectivity Set for Massive Upgrade – HUGE Investor Buzz!

**Delhi-NCR Mega Project Gets Approval**

The Public Investment Board (PIB) has approved two Namo Bharat (RRTS) corridors linking Delhi to Gurgaon, Rewari, Sonipat, Panipat, and Karnal, with a combined estimated cost of Rs 65,000 crore. These projects, which had been stalled due to funding disputes, now move to the Union Cabinet for final approval.

**Project Details** The Sarai Kale Khan–Bawal corridor is 93 km and costs Rs 32,000 crore, while the Sarai Kale Khan–Karnal corridor is 136 km and costs Rs 33,000 crore. The PIB suggested that Delhi and Haryana adopt 'Value Capture Financing (VCF)' to fund these projects by tapping into increased land values. States are also encouraged to promote 'Transit-Oriented Development (TOD)' and establish 'Urban Metropolitan Transport Authorities (UMTAs)' for integrated urban growth around transport hubs.

**Impact** This news has a positive impact on infrastructure development and government spending in India. It is expected to boost construction, real estate, and associated sectors in the NCR region. The enhanced connectivity will also improve economic activity and ease commuting for millions.

Impact Rating: 8/10

**Difficult Terms Explained** * **Namo Bharat (RRTS)**: High-speed rail for inter-city commuting. * **Public Investment Board (PIB)**: Inter-ministerial panel vetting large government projects. * **Value Capture Financing (VCF)**: Funding infrastructure by taxing increased private land value. * **Transit-Oriented Development (TOD)**: Urban planning around public transport hubs. * **Urban Metropolitan Transport Authorities (UMTAs)**: Bodies for integrated regional transport planning.