Wednesday, February 25, 2026
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Banking & Finance

ADB lends US$250M for all-weather road

Fiinews by Fiinews
January 31, 2018
in Banking & Finance, Infrastructure, Investment, Projects, Roads
Reading Time: 2 mins read
A A
0
0
SHARES
10
VIEWS
LinkedinShare on Twitter

Road design to cover heavy rainfall and storm surges

Students

The Asian Development Bank (ADB) is lending US$250 million for the construction of 6,254 kilometres all-weather rural roads in the States of Assam, Chhattisgarh, Madhya Pradesh, Odisha and West Bengal.

The First Tranche Loan is part of the US$500 million Second Rural Connectivity Investment Program for India approved by the ADB Board in December 2017.

The program is aimed at improving rural connectivity, facilitating safer and more efficient access to livelihood and socio-economic opportunities for rural communities through improvements to about 12,000-km Rural Roads across the 5 States.

The loan was signed witht the Indian Goverment on 30 Jan 2018 in New Delhi.

Mr. Sameer Kumar, Khare, Joint Secretary (Multilateral Institutions), Department of Economic Affairs, said that the ADB-funded investment program will provide continued assistance to the Government’s long-term goal for rural development.

About 2,000 technical personnel would be trained on road safety and maintenance under the project.

Kenichi Yokoyama, Country Director of ADB’s India Resident Mission, said that the investment program will support the Government’s drive for innovative approaches to reduce costs, conserve non-renewable natural resources, and promote the use of waste materials in rural road construction.

He said that road maintenance will be ensured through the provision of a 5-year post-construction maintenance in each civil works contract.

The investment program builds on the US$800 million ADB-financed first Rural Connectivity Investment Program in 2012 that added about 9,000 kilometres of all-weather rural roads in the same States.

The road designs will take into account heavy rainfall and storm surges in the five states with measures such as greater elevation of road embankments, slope protection, and better drainage in flood-prone areas. fii-news.com

Tags: Asian Development Bank
ShareTweetShare

Related Posts

PIB
Projects

Project: Indo-German cooperation on water

by Fiinews
February 25, 2026
0
11

Ackermann says water management is shared global challenge Dr Philipp Ackermann, Ambassador of Germany to India, has reaffirmed support for...

Strata Geosystems
Investment

Invest: Strata acquires Venus of India

by Fiinews
February 24, 2026
0
13

Strata combines engineering expertise with Venus manufacturing strength Strata Geosystems, based out of Mumbai with global presence, has acquired Venus...

PIB

Project: Rapid Rail-Meerut Metro inaugurated

February 24, 2026
13
VanEck

Invest: VanEck launches two ETFs

February 21, 2026
17
Swiss Confederation

Invest: Swiss participation sought in technologies

February 21, 2026
15
DGTV

Project: Kanpur to host Aeronautics skill centre

February 21, 2026
13
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Project: Indo-German cooperation on water
  • Tender: Cabinet approves Rs9,072cr 3 rail projects
  • Export: India-GCC negotiates FTA to boost trade
  • Export: India-Israel starts FTA talks in Delhi
  • Tech: ThinkPalm-NYP work on IIoT initiatives

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.