India signs loan agreement with World Bank to improve rural road network in Madhya Pradesh

On April 24, the Government of India (GoI), the Government of Madhya Pradesh and the World Bank have signed a $210 million loan agreement for the Madhya Pradesh Rural Connectivity Project. The project is expected to improve the durability, resilience and safety of the gravel surfaced rural roads and enhance the capacity of the state to manage its rural roads network. The project will cover 10,510 km stretch of rural roads in Madhya Pradesh that fall under the Chief Minister’s Gram Sadak Yojana (CMGSY) program. Of this 10,000 km will be upgraded from existing gravel to bituminous surface roads, while 510 km of new roads will be built to the same bituminous surface standard.

Month: Current Affairs - April, 2018