ADB clears $500-mn for rural road network

    Asian Development Bank (ADB)
    Injecting a major booster to the country’s rural road sector, the Asian Development Bank (ADB) has recently approved $500 million as the multi-tranche financing facility (MFF) for the second Rural Connectivity Investment Program covering five states. According to the ADB Transport Specialist, Andri Heriawan, under its investment program, the states will construct and upgrade over 12,000 km of rural roads in the states of Assam, Chhattisgarh, Madhya Pradesh, Odisha, and West Bengal. All-weather roads are crucial for economic growth, especially in India‘s rural areas. Building on the success of its previous assistance in the rural roads sector, ADB will work closely with the Government of India to provide the connectivity to improve rural masses access to markets, health centers, education facilities, and other opportunities. The investment program‘s first tranche, amounting to $250 million, will be delivered by December 2017 for the construction 6,254 km of all-weather rural roads. The program's second tranche comprising similar amount, is expected to come in the third quarter of 2019.
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