ADB approves $177 mn loan to upgrade 450 km of state highways, major district roads in Maharashtra

The Asian Development Bank (ADB) on Thursday signed a $177 million loan to upgrade 450 km of state highways and major district roads in Maharashtra

Press Trust of India May 28, 2020 20:14:00 IST
ADB approves $177 mn loan to upgrade 450 km of state highways, major district roads in Maharashtra

Mumbai: The Asian Development Bank (ADB) on Thursday signed a $177 million loan to upgrade 450 km of state highways and major district roads in Maharashtra.

"ADB and the Central government signed a $177 million loan to upgrade 450 km of state highways and major district roads in the state of Maharashtra," an official release said.

Under the Maharashtra state road improvement project, two major district roads and 11 state highways, with a combined length of 450 km will be upgraded to two-lane standards across seven districts.

The projects would improve connectivity to national highways, interstate roads, seaports, airports, rail hubs, district headquarters, industrial areas, enterprise clusters and agricultural areas.

"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," Sameer Kumar Khare, Additional Secretary (Fund Bank and ADB), Department of Economic Affairs in the Ministry of Finance said.

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, the release said.

"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," Kenichi Yokoyama Country Director of ADB's India Resident Mission said.

He further said the project is to update the road maintenance system by encouraging five-year performance-based maintenance obligations to contractors to sustain asset quality and service levels.

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Maharashtra govt must go 'fully prepared' for SC hearing on Maratha reservation, says Devendra Fadnavis
India

Maharashtra govt must go 'fully prepared' for SC hearing on Maratha reservation, says Devendra Fadnavis

The BJP leader said that government officials and ministers must be fully prepared to brief the counsel during the Supreme Court hearing on quotas in education and jobs for Marathas

COVID-19 Outbreak: 4,938 Maharashtra Police personnel tested positive so far, 60 succumbed to virus, says state home dept
India

COVID-19 Outbreak: 4,938 Maharashtra Police personnel tested positive so far, 60 succumbed to virus, says state home dept

As many as 3,813 of the 4,938 infected police personnel have recovered from COVID-19 disease while over 1,000 others are currently under treatment

Coronavirus Updates: Narendra Modi to address nation at 4 pm; Centre issues guidelines for Unlock 2.0
India

Coronavirus Updates: Narendra Modi to address nation at 4 pm; Centre issues guidelines for Unlock 2.0

Coronavirus Updates:Coronavirus LIVE Updates:The Ministry of Home Affairs has releases Unlock-2 guidelines which will be in force till 31 July. Lockdown shall continue in containment zones till 31 July.