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

Sanctioned: Rural Roads under World Bank Financing

Fiinews by Fiinews
December 29, 2018
in Banking & Finance, Contract, Infrastructure, Projects, Technology, Tenders
Reading Time: 3 mins read
A A
0
0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

PMGSY progresses for rural folks

 

Source: The World Bank.
The agreement for the Project was signed by Sameer Kumar Khare, Joint Secretary, Department of Economic Affairs, Ministry of Finance, on behalf of the Government of India and Junaid Ahmad, Country Director, World Bank India, on behalf of the World Bank.

The Rural Development Ministry has sanctioned 1531-km of road projects in Uttarakhand, 996-km and 112-km for Green and Climate Resilient Technology Meghalaya and 100-km for Green and Climate Resilient Technology in Tamil Nadu.

These are under the US$500 million loan, signed with the World Bank in 31 May 2018. It is additional financing for the Pradhan Mantri Gram Sadak Yojana (PMGSY) Rural Roads Project which will build 7,000-km of climate resilient roads, out of which 3,500 km will be constructed using green technologies.

The World Bank has supported PMGSY since its inception in 2004. So far it has invested over US$1.8 billion in loans and credits mostly in the economically weaker and hill states across North India – Bihar, Himachal Pradesh, Jharkhand, Meghalaya, Rajasthan, Uttarakhand, and Uttar Pradesh.

It has built and improved about 35,000-km of rural roads and benefited about eight million people with access to all-weather roads.

“The PMGSY over the years has brought about a paradigm shift in the way rural roads are mapped, designed, monitored and built, involving communities especially women,” Sameer Kumar Khare, Joint Secretary, Department of Economic Affairs, had said during the signing of additional loan.

“The additional finance will bring a new shift in construction technology using green and low carbon designs and climate resilient techniques. Now more rural communities will have access to better economic opportunities and social services.”

Adequate maintenance of the existing 4.6 million-km of road network is emerging as a major challenge. Many parts of the existing road network are either vulnerable to or have already suffered damage from climate induced events such as floods, high rainfall, sudden cloud bursts and land-slides.

“To support the rural economy and communities and households that depend on rural livelihoods, it will be critical to ensure that infrastructure is built and maintained to withstand climatic changes,” elaborated Junaid Ahmad, World Bank Country Director in India.

“This project will demonstrate how climate resilient construction can be integrated in the strategy and planning of rural roads,” he added.

The PMGSY and the Bank’s involvement under this additional financing, will emphasize on managing the rural road network using green, low-carbon designs and new technologies – far beyond merely funding civil works.

This will be done through the following measures:

Climate vulnerability assessment during the design process to identify the critical locations affected by floods, water-logging, submergence, cloud bursts, storms, landslides, poor drainage, excessive erosion, high rainfall, and high temperatures;

Special treatment for flood-affected areas through adequate waterways and submersible roads to allow easy passage of water, use of concrete block pavements, and improved drainage;

Use of environmentally optimized road designs and new technologies which use local and marginal materials and industrial by-products such as sand, local soils, fly ash, brick kiln wastes, and other similar materials in place of crushed rocks;

Innovative bridges and culverts that use pre-fabricated/pre-cast units with the ability to withstand earthquakes and water forces;
Use of hill cutting material in hill roads ensuring its productive use and resolving its disposal problem; and

Use of bio-engineering measures, improved drainage and other treatments for landslide prone areas and providing adequate slope protection.

The additional financing will also fill the gender gap by creating employment opportunities for women in construction and maintenance. The earlier project had piloted community-based maintenance contracts through women self-help groups (SHGs) for routine maintenance of 200 km of PMGSY roads in Uttarakhand, Meghalaya and Himachal Pradesh. SHG-run maintenance contracts will now be extended to about 500 km roads over 5 states.

“All components of the project will have substantial climate co-benefits and help road agencies in India to substantially minimize GHG emissions. Improving road conditions alone will result on an average in direct savings of 2.68 million tons annually in GHG emissions and minimize the annual losses of about US$9 billion in the road asset value and an equal amount by way of high vehicle operating costs,” said Ashok Kumar, Senior Highway Engineer and World Bank’s Task Team Leader for the project.

The US$500 million loan, from the International Bank for Reconstruction and Development (IBRD), has a 3-year grace period, and a maturity of 10 years. fiinews.com

Tags: Ministry of Rural DevelopmentThe World Bank
ShareTweetShare

Related Posts

Intellipaat Logo
Technology

Tech: Intellipaat integrates Agentic AI

by Fiinews
June 23, 2025
0
11

DevOps is evolving, says Chittora Intellipaat, a global leader in professional upskilling, has launched a groundbreaking transformation of its flagship...

Kings Infrastraucture
Tenders

Tender: Kings Infra welcomes RBI Rs.10 lcr credit

by Fiinews
June 23, 2025
0
12

RBI frees up capital for sustainable infrastructure Kings Infra Ventures Ltd has welcomed the Reserve Bank of India’s decisive policy...

India Ai

Tech: Vexoo Labs builds factual AI for MSMEs

June 23, 2025
13
Justenergy

Tech: HCLTech to enhance operations at Just Energy

June 23, 2025
14
Oreda

Tender: Odisha to develop 5,000 MW renewables

June 23, 2025
23
MNRE

Tender: Rooftop solar boosting program launched

June 23, 2025
15
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

  • Tech: Intellipaat integrates Agentic AI
  • Tender: Kings Infra welcomes RBI Rs.10 lcr credit
  • Tech: Vexoo Labs builds factual AI for MSMEs
  • Export: New rules imposed on material imports
  • Tech: HCLTech to enhance operations at Just Energy

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.