Page-3 of India-ADB
India, ADB sign $200-million loan agreement for upgrading rural roads in Maharashtra
India and Asian Development Bank (ADB) signed 200-million dollar loan agreement for upgrading rural roads in 34 districts of Maharashtra with the objective of improving road safety and better connecting rural areas with markets and services. The agreement was signed ..
Month: Current Affairs - September, 2019
Government inks $85 Million Loan Agreement with ADB for Odisha Skill Development Project
Union Government (Ministry of Finance) and Asian Development Bank (ADB) has signed $85 million loan agreement for Odisha Skill Development Project. It aims to improve the skill development eco-system in Odisha and establish World Skill Center (WSC), an advanced skill ..
Month: Current Affairs - December, 2018
India and ADB sign $200 Million Loan to improve State Highways in Bihar
Union Government has signed $200 million loan agreement with Asian Development Bank (ADB) for Bihar State Highways III Project (BSHP-III). It will finance widening and upgrading of about 230 kms state highways in Bihar to all-weather standards with road safety ..
Month: Current Affairs - November, 2018
Government inks $105 million loan agreement with ADB for Hydropower Transmission in Himachal Pradesh
Union Government and Asian Development Bank (ADB) have signed $105 million loan to continue financing transmission system upgrades in Himachal Pradesh for increased supply of hydropower to state and national grid. It is third tranche part of $350 million multi-tranche ..
Month: Current Affairs - November, 2018
Government inks $300 million loan agreement with ADB to support IIFCL
Union Government has inked $300 million Loan Agreement with Asian Development Bank (ADB) to support lending by India Infrastructure Finance Company Limited (IIFCL). The loan will enhance availability of long-term finance for PPP projects, improve operational capacity of IIFCL. It ..
Month: Current Affairs - November, 2018
India and ADB sign $169 Million Loan to Provide Water and Sanitation Services in Tamil Nadu
Union Government has inked $169 Million Loan agreement with Asian Development Bank (ADB) for Tamil Nadu Urban Flagship Investment Program. It is first tranche of $500 million multi-tranche financing to provide water and sanitation services in Tamil Nadu. Tamil Nadu ..
Month: Current Affairs - November, 2018
India inks $120 Million Loan agreement with to improve Rail Infrastructure
Government has inked $120 million loan agreement with Asian Development Bank (ADB) for completion of projects to improve Rail Infrastructure along high-density corridors and operational efficiency of Indian railways. The loan has 20-year term, including grace period of 5 years ..
Month: Current Affairs - March, 2018
Government inks loan agreement with ADB for Improvement and Expansion of Water Supply in Bihar
The Union Government has inked $84 million loan agreement with Asian Development Bank (ADB) for improvement and expansion of water supply in Bhagalpur and Gaya towns in Bihar. The loan has 25-year term, including grace period of 5 years with ..
Month: Current Affairs - February, 2018
ADB to extend $20 billion loan to India over 5 years
Multi-lateral funding agency Asian Development Bank (ADB) announced that it increase annual funding to India to up to $4 billion from existing $2.7 billion from next year to accelerate inclusive economic transformation. As part of ADB’s Country Partnership Strategy 2018-22, ..
Month: Current Affairs - November, 2017
Union Cabinet approves new Bridge over Mechi River at India-Nepal border
The Union Cabinet has approved a Memorandum of Understanding (MoU) between India and Nepal for starting construction of a new Bridge over Mechi River at India-Nepal border. The new bridge will be constructed at an estimated cost of Rs. 158.65 ..