Monday, June 23, 2025
  • 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$200M for Bihar road widening

Fiinews by Fiinews
November 27, 2018
in Banking & Finance, Infrastructure, Investment, Projects, Roads
Reading Time: 1 min read
A A
0
0
SHARES
12
VIEWS
LinkedinShare on Twitter

0:00

BSHP-III to build institutional capacity

 

The Asian Development Bank (ADB) has signed a US$200 million loan to finance widening and upgrading of about 230-km State Highways in Bihar to all-weather standards with road safety features.

The Bihar State Highways III Project (BSHP-III), approved by the ADB Board in October this year, will involve upgrading State Highways to standard two-lane width with road safety features and paved shoulders including reconstructing, widening, and strengthening culverts and bridges.

The Project will also build institutional capacity of the State for road design and maintenance and incorporate appropriate new technologies in the State’s road sub-sector.

The Loan will continue ADB’s support in the development of the road sector in Bihar.

The improved roads under the Project will contribute to savings in vehicle operating cost and travel time, reduce vehicle emissions, and improve road safety.

The Project will also establish a State-level Road Research Institute to improve technical and management capacity of the Road Agency Staff.

Since 2008, ADB has provided four loans to Bihar, amounting to US$1.43 billion, to upgrade about 1,453-km of State Highways and to construct a New Bridge over the Ganga River near Patna.

The loan signatories on 26 Nov 2018 were: Sameer Kumar Khare, Additional Secretary (Fund Bank and ADB), Department of Economic Affairs, Rajeev P. Singh, Officer in-Charge of ADB’s India Resident Mission. The project agreement was signed by Vipin Kumar, Resident Commissioner, Govt. of Bihar and Chandra Shekhar, Chief General Manager, Bihar State Roads Development Corporation Limited. fiinews.com

Tags: Asian Development BankBihar State Roads Development Corporation LimitedDepartment of Economic Affairs
ShareTweetShare

Related Posts

Campus Fund
Investment

Invest: Campus Fund backs first-time founders

by Fiinews
June 23, 2025
0
15

Fund III will invest in 60 startups over 4 years Campus Fund, India’s pioneering and only SEBI-registered AIF Category II...

Projects

Tech: BSNL Quantum 5G FWA soft launched

by Fiinews
June 22, 2025
0
13

Pilot launch will go live by September 2025 Bharat Sanchar Nigam Limited (BSNL) had a soft launch of BSNL Quantum...

Steel Cutting Of Navy Ship

Project: HSL holds FSS steel cutting ceremony

June 22, 2025
13
PIB

Project: Anti-Submarine INS Arnala commissioned

June 20, 2025
21
Makemytrip

Invest: MakeMyTrip offers 14m shares

June 17, 2025
16
Dnv Grse

Project: DNV-India deepen maritime cooperation

June 16, 2025
16
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

  • Tender: SECI issues Green Ammonia tender
  • Manufacturing: Dahod factory bid clarified
  • Tech: Intellipaat integrates Agentic AI
  • Tender: Kings Infra welcomes RBI Rs.10 lcr credit
  • Tech: Vexoo Labs builds factual AI for MSMEs

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.