Wednesday, June 4, 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

Tenders: ADB provides $2.5m for Sikkim road upgrades

Fiinews by Fiinews
June 3, 2021
in Banking & Finance, Projects, Tenders
Reading Time: 2 mins read
A A
0
NHAI
0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

PRF incorporates road safety, maintenance, and climate adaptation

The Asian Development Bank (ADB) is providing US$2.5 million project readiness financing (PRF) loan to support project preparation and design activities to upgrade major district roads in Sikkim that will help improve connectivity to important towns, rural areas, and pilgrimage and tourist destinations in the northeastern state.

“The PRF project aims to ensure implementation readiness through feasibility studies, preparing detailed engineering designs of selected subprojects and building capacity of state agencies so that the ensuing project gets completed in a timely manner,” said Takeo Konishi, Country Director of ADB’s India Resident Mission who signed the loan for ADB on 3 June 2021.

“It will also help incorporate elements of road safety, maintenance, and climate adaptation and mitigation in the ensuing project for long-term sustainability of created assets,” Konishi added.

After signing the loan agreement for India, Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs, said that the PRF will support the state government’s priority in improving road connectivity in the hill state through planning and designing of major district and other roads and bridges that will help boost the state’s economy and improve accessibility for people in remote villages.

Sikkim’s road network requires upgradation to all-weather roads as frequent landslides and erosion damage roads and disrupt intra-state connectivity. The PRF will help the state upgrade identified major district and other roads to improve linkages to the national and state highway network connecting important towns and commercial centers.

Some of the priority roads identified for upgradation are included in the state’s master plan for transport management that was formulated with ADB technical assistance in 2012. The ADB-funded North Eastern State Roads Investment Program launched in 2011 had earlier supported road improvements in Sikkim.

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region. #tenders #projects #infrastructure #banking /fiinews.com

Tags: ADBMinistry of Finance
ShareTweetShare

Related Posts

Shiv Khera
Projects

Project: Shiv Khera to launch online academy

by Fiinews
June 4, 2025
0
14

'Live While You’re Alive' is roadmap to living with purpose Bestselling author and internationally acclaimed motivational speaker, Shiv Khera, says...

IPA
Projects

Project: Nitika gets TDB support for excipients

by Fiinews
June 4, 2025
0
13

India imports bulk of complex excipients In its continued endeavour to bolster India's pharmaceutical manufacturing ecosystem and reduce dependency on...

Deakin University

Project: Deakin’s Gift City first placement done

June 2, 2025
12
Ashwinder Singh 2

Project: Tier-II and III cities new growth engines

June 2, 2025
15
Make In India

Project: Trial of defence systems underway

June 2, 2025
15
Aai

Project: Satna-Datia airports inaugurated

June 2, 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

  • Invest: Nomura revises up FY26 GDP to 6.2%
  • Invest: Norwegian invited to join maritime sector
  • Project: Shiv Khera to launch online academy
  • Tech: AI-based multimodal LLM launched
  • Invest: Manipal secures $600m financing

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.