ADB, India ink pact to upgrade 176 km roads in Jharkhand

Multilateral lending agency Asian Development Bank (ADB) has signed a loan agreement with India for providing new loan of 200 million dollars to upgrade 176 km of roads in Jharkhand.
The loan funds will be used to upgrade existing sections of four State roads to two lane standard. It will also support improvements in the design, maintenance and safety of the road network.
The new assistance will increase the institutional capacity of the State Highways Authority of Jharkhand (SHAJ) which is an autonomous road development agency of state.
Besides, the project will also help the State develop an international standard road safety master plan for promoting road safety in Jharkhand. It will enhance the State’s ability to systematically identify, analyze, develop and prioritize critical road safety measures, which will benefit all road users.

Month: Current Affairs - June, 2016