Adding to the road network of Rajasthan, the Asian Development Bank (ADB) has decided to invest $500 million loan (Rs.3,238 crore) in tranches to improve road transport in the state, said an ADB Senior Transport Specialist, Chen Chen, adding that the bank’s planned investment program will improve connectivity and transport efficiency of state highways. The Rajasthan State Highway Investment Program will upgrade about 2,000 km of state highways and major district roads to two-lane or intermediate-lane standards to meet national road safety requirements. Through an approach of public-private partnerships, the investment program will vastly improve connectivity, allowing greater access to jobs, markets, services, and social opportunities in the state. The assistance will also help the state in firming up its business processes focused on public-private partnerships as the state offers strong potential for growth, especially in agriculture, mining, agro-based industries and tourism, ADB said.
📅Published on:
26 May 2017
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