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India Signs Loan Agreement with ADB for 300 Million for Improving Regional Road Connectivity along the North Bengal-North Eastern Region (NER); About 500 Km of Roads to be Constructed under the Program

Dated:- 26-3-2015 - The Asian Development Bank (ADB) and the Government of India signed here today a $300 million loan agreement aimed at improving the road connectivity and increasing the domestic and regional trade along the North Bengal-North Eastern Region (NER). The loan is the first tranche under $500 million multi-tranche South Asian Sub-regional Economic Cooperation (SASEC) Road Connectivity Investment Program. Under this program, about 500 km of roads will be constructed. Shri Tarun Baj .....

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stment on the last mile connectivity will contribute to achieve the objective of regionally balanced and inclusive growth of remote and economically lagging regions, he added. Ms. Teresa Kho, Country Director of ADB s India Resident Mission said that the improvements in road connectivity will enable efficient and safe transport within India and regionally with other SASEC member countries. The tranche 1 project will construct two national highways totaling about 150 km in West Bengal and State r .....

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