Friday, October 2, 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
  • UP InternationalTrade Show
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
  • UP InternationalTrade Show
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
11
VIEWS
LinkedinShare on Twitter

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

RE India Expo
Projects

Project: Approved GEC-III to evacuate 135 GW

by Fiinews
October 2, 2026
0
16

Rs.186,405cr RE scheme to be set by FY 2032-33 The Cabinet has approved the Green Energy Corridor Phase-III (GEC-III) scheme...

Multi Nano Sense
Projects

Project: Multi Nano Sense gets Rs.37.51cr support

by Fiinews
October 1, 2026
0
19

Nagpur company to build indigenous multi-gas sensing platform The Technology Development Board (TDB), Department of Science & Technology (DST), has...

PIB

Project: India-Korea defence talks held in Delhi

October 1, 2026
18
Bharat Buildcon

Project: Delhi gets connectivity projects

October 1, 2026
16
Ministry of Railways

Tender: Kavach 4.0 approved for Varanasi division

September 30, 2026
17
PIB

Project: Trishna to be launched in 2027

September 30, 2026
20
SBI YONO
Upits 2026 brochure 062026 pdf

POPULAR NEWS

  • Cristina Dnv

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

    0 shares
    Share 0 Tweet 0
  • Investment: India welcomes US investment and technology collaboration

    0 shares
    Share 0 Tweet 0
  • Market: PM Modi-President Zelenskyy discussed trade and technology

    0 shares
    Share 0 Tweet 0
  • Manufacturing: Approved ‘BioE3’of Biotechnology Dept

    0 shares
    Share 0 Tweet 0
  • Wipro emerges leader in Everest’s MatrixTM 2018

    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: Services Xpress launched in South India
  • Market: Global South impacted by food crises
  • Market: Minister highlights energy policies
  • Manufacture: Fenner-Yamada to produce components
  • Export: AM Green to supply ammonia to Germany

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
  • UP International

© 2024 FIINEWS - Design and developed by 7clicksmedia.