Updated By: LatestGKGS Desk
ADB approved Bihar State's Lining Project of Son Canal: Details, Highlights
ADB approved Lining Project of Son Canal in Bihar: Details, Highlights, About
The Asian Development Bank (ADB) has approved the Lining Project of Son canal in Shahabad-Bhojpur region of Bihar.
As per the report, an estimated cost of this project is the US $503 million (Rs 3272.49 crores) out of which the US $352 million is being provided by ADB.
This project when completed will bring immense benefits to agriculture sector of Shahabad-Bhojpur region of Bihar.
Ministry of Power has requested ADB and Ministry of Finance to expedite and tender for the first phase of the lining of the main canal and branches by October 2018.
About Asian Development Bank (ADB)
ADB is a regional development bank which is aimed to promote social and economic development in Asia.
ADB was established in December 1966. It is headquartered in Manila, Philippines.
ADB has total 67 members, of which 48 are from within Asia and the Pacific and 19 outside.
The ADB’s main aim is to assist its members and partners, by providing loans, technical assistance, grants, and equity investments to promote social and economic development.
