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Government Signs Loan Agreement with Asian Development Bank (ADB) for 273 Million Loan under Rural Connectivity Investment Program for Improving Rural Roads in States of Assam Chhattisgarh Madhya Pradesh Odisha and West Bengal

Dated:- 9-11-2015 - The Asian Development Bank (ADB) and the Government of India signed here a $273 million loan agreement to continue improving rural roads in the States of Assam, Chhattisgarh, Madhya Pradesh, Odisha and West Bengal. The loan represents the third tranche, which is also the last tranche of the $800 million financing facility under the Rural Connectivity Investment Program. The loan will help in constructing over 6,000 kilometers of all-weather rural roads in the aforesaid five S .....

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providing all-weather road connectivity in selected rural areas in the five states. He said that the enhanced connectivity will improve access of rural communities to markets, district headquarters, health and education facilities, and other centers of economic activity. Ms Teresa Kho, Country Director,ADB said that it is expected that Project 3 will result in benefits similar to the previous two projects including improving and sustaining the connectivity of selected rural communities in the fi .....

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