The Asian Development Bank (ADB) and the Maharashtra state government have signed a $200 million loan pact for upgrading rural thoroughfares to all-weather roads across 34 districts of the state and thereby improve road safety and 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 with climate resilience and safety features, connecting rural communities with agricultural areas and socio-economic centres. Provision of contractual maintenance for five years has also been provided under the project. The enhanced road connectivity and better access to markets will help farmers increase farm productivity and incomes. Apart from this, $1 million technical assistance has also been provided for strengthening of the Maharashtra Rural Road Development Association (MRRDA) in areas like road asset management, road safety, climate-resilient design and construction, and web-based real-time project monitoring.
📅Published on:
18 September 2019
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