The Asian Development Bank (ADB) and the Government of India yesterday signed a $190 million loan to upgrade 754 kilometres of state highways and major district roads (MDRs) to two-lane or intermediate-lane standards that will benefit about 26 million people in 14 districts of Rajasthan. The signatories to the Tranche 2 loan agreement for the […]
Tag: ADB
ADB and India sign $150 million loan to improve regional connectivity
The Asian Development Bank (ADB) and the Government of lndia signed here today a $150 Million Loan to finance continued improvements to road connectivity and efficiency of the International Trade Corridor in West Bengal and North-Eastern Region of lndia. The signatories to the Tranche 2 Loan Agreement for the $500 million South Asia Sub-regional Economic […]
India and ADB sign $250mn loan to improve rural connectivity in 5 states
The Asian Development Bank (ADB) and the Government of India yesterday signed a $250 million loan to finance the construction of 6,254 kilometres all-weather rural roads in the States of Assam, Chhattisgarh, Madhya Pradesh, Odisha and West Bengal under the Prime Minister’s Rural Roads Program (PMGSY). The First Tranche Loan is part of the $500 […]
India and ADB sign $375 million in loans and grants for ECEC
The Asian Development Bank (ADB) and the Government of India signed here $375 million in loans and grants to develop 800-kilometer Visakhapatnam-Chennai Industrial Corridor, which is the First Phase of a planned 2,500–kilometer long East Coast Economic Corridor (ECEC). The Corridor is expected to spur development on India’s eastern coast in line with the Government […]