India’s rural roads to benefit from new programme

A loan worth US$250 million will be help pay for road development work in parts of India. The loan is being provided by the Asian Development Bank (ADB) in a deal agreed with the Indian Government. This funding will be used for road projects in five of India’s states. The work will focus on boosting connectivity and safety, particularly for rural areas. In all some 12,000km of roads will be improved with the programme. Another $250 million loan will also be provided by the ADB with this package intended to
February 6, 2018 Read time: 1 min

A loan worth US$250 million will be help pay for road development work in parts of India. The loan is being provided by the Asian Development Bank (ADB) in a deal agreed with the Indian Government. This funding will be used for road projects in five of India’s states. The work will focus on boosting connectivity and safety, particularly for rural areas. In all some 12,000km of roads will be improved with the programme. Another $250 million loan will also be provided by the ADB with this package intended to pay for India's Second Rural Connectivity Investment Programme.

Finance & Funding

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ADB loan India US$275mn to boost rural connectivity

The Indian government has signed a pact with Asian Development Bank (ADB) for loans worth US$ 275 million, as part of its nationwide Rural Connectivity Investment Programme. The loan is the second tranche of the $800 million financing facility set aside for the project, and will be used to finance works of constructing 3,693km of rural roads in five Indian states such as West Bengal, Odisha, Madhya Pradesh, Chhattisgarh, and Assam. Further funds of $81.56 million will be financed by the government, taking t
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