India and Asian Bank have signed a $295 million loan agreement to upgrade state highways in Bihar

India and Asian Bank have signed a $295 million loan agreement to upgrade state highways in Bihar

Daily Current Affairs   /   India and Asian Bank have signed a $295 million loan agreement to upgrade state highways in Bihar

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Category : State Published on: July 31 2023

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  • The Asian Development Bank (ADB) and the Government of India signed agreement for a $295 million loan to upgrade around 265-kilometer state highways with climate and disaster resilient design, and road safety elements in the state of Bihar.
  • The project supports the Government of Bihar’s programme to upgrade all state highways to standard two-lane widths and improve road safety. 
  • The improved roads will enhance connectivity in some of Bihar poorest rural districts and promote access to health and education facilities, and markets to improve people’s lives.
  • Since 2008, ADB has provided five loans totaling $1.63 billion to the state of Bihar, for upgradation of about 1,696 kilometer state highways and construction of a new bridge over the Ganga River.
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