Updated By: LatestGKGS Desk
India & ADB sign US $110 Million Loan to Improve Rural Connectivity in Madhya Pradesh
India & ADB sign US $110 Million Loan to Improve Rural Connectivity in Madhya Pradesh: Details, Aim, Highlights
The Asian Development Bank (ADB) and Government of India have signed a $110 million loan for development projects in Madhya Pradesh.
Under the loan, the project will aim to upgrade 2,800 kilometers all-weather rural roads in the State of Madhya Pradesh under the Prime Minister’s Rural Roads Program (PMGSY).
It is the 2nd tranche loan and is a part of the $500 million Second Rural Connectivity investment Program for India. It was approved in 2017.
Under the Second Rural Connectivity investment Program for India, improvements of 12,000 kilometers rural roads across the states of Assam, Chhattisgarh, Madhya Pradesh, Odisha, and West Bengal will take place.
Tranche 1 loan of $250 million is currently under implementation in the 5 project states, upgrading over 6,000 km of rural roads.
ADB
Established: 1966
Headquarters: Manila, Philippines
President: Takehiko Nakao
Members: 67 (48 regional members)
Madhya Pradesh
Capital: Bhopal
Largest City: Indore
Districts: 52
Governor: Anandiben Patel
Chief Minister: Shivraj Singh Chouhan
