shot-button
Subscription Subscription
Home > Mumbai > Mumbai News > Article > India to get USD 177 million loan from ADB for Maha road improvements

India to get USD 177 million loan from ADB for Maha road improvements

Updated on: 20 October,2020 09:10 AM IST  |  Mumbai
IANS |

Overall, the project will upgrade 2 major district roads and 11 state highways, with combined length of 450 km, to 2-lane standard across seven districts of Maharashtra

India to get USD 177 million loan from ADB for Maha road improvements

Photo used for representational purposes. Pic/AFP

The Asian Development Bank (ADB) and the Indian government on Monday signed an agreement for USD 177 million loan to upgrade 450 kilometres of state highways and major district roads in the state of Maharashtra.


The signatories to the Maharashtra State Road Improvement Project were Sameer Kumar Khare, Additional Secretary (Fund Bank and ADB), Department of Economic Affairs in the Ministry of Finance, who signed for the Government of India, and Kenichi Yokoyama, Country Director of ADB's India Resident Mission who signed for ADB.


Khare said the project will improve connectivity between rural areas and urban centres in the state, enabling rural communities to better access markets, employment opportunities and services. Improved mobility will expand development and livelihood opportunities outside of the state's major urban centres to second-tier cities and towns, thus reducing income disparities, he added.


Yokoyama said that the project will also strengthen road safety measures by developing a road safety audit framework that will protect vulnerable groups such as the elderly, women, and children, following the international best practice. Another feature of the project is to update road maintenance system by encouraging 5-year performance-based maintenance obligations to contractors to sustain asset quality and service levels.

Overall, the project will upgrade 2 major district roads and 11 state highways, with combined length of 450 km, to 2-lane standard across seven districts of Maharashtra, and improve connectivity to national highways, interstate roads, seaports, airports, rail hubs, district headquarters, industrial areas, enterprise clusters and agricultural areas.

The project will also focus on training the Maharashtra Public Works Department project staff to build their capacity in climate change adaptation and disaster resilient features in road design, road maintenance planning and road safety.

Keep scrolling to read more news

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!


Mid-Day Web Stories

Mid-Day Web Stories

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK