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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