World Bank’s US$320mn loan for Assam State Roads Project in India

The Indian government and the state government of Assam signed an agreement with the 2332 World Bank for a US$320 million loan for the Assam State Roads Project. According to a statement, the project will be carried out over a period of six years and it will comprise three components: road improvement; road safety management; and road sector modernisation and performance. The statement also said that the project aimed to improve road connectivity in Assam and support its Public Works Road Department to effectively manage and improve its road network.