Maharashtra Gets💰 $200 Million Loan From Asian Development Bank for🛣 Roads

  |   India News

The Asian Development Bank (ADB) and the government here on Monday signed a $200 million loan pact for upgrade of rural thoroughfares to all-weather roads in 34 districts of Maharashtra, improve road safety and better connectivity with markets and services.

The agreement was signed by Sameer Kumar Khare, Additional Secretary (Fund Bank and ADB), Department of Economic Affairs in the Ministry of Finance, and Sabyasachi Mitra, Deputy Country Director of ADB's India Resident Mission.

"The Maharashtra Rural Connectivity Improvement Project will help better condition of about 2,100 km rural roads to all-weather roads with climate resilience and safety features, connecting rural communities with agricultural areas and socioeconomic centres," said Mitra.

"Provision of contractual maintenance for five years has also been provided under the project," he said.

"The enhanced road connectivity and better access to markets will help farmers increase farm productivity and incomes," Khare said.

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