The Asian Development Bank (ADB) recently signed an agreement with the Uttar Pradesh government for a road improvement project in the state. The pact was inked in the presence of Uttar Pradesh Chief Minister Yogi Adityanath and ADB president Takehiko Nakao recently. As per the agreement, 70% finances amounting to Rs.1,950 crore will be provided by the ADB as loan, while the state government will bear 30% cost of the project which comes to Rs.832 crore. The project, which will start from 2017 and end in 2024, will cover over 430 km roads across 12 districts of the largest state of the country, official sources said.
📅Published on:
01 July 2017
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