ADB approves $400-mn to fund quality infra projects
The Asian Development Bank (ADB) has approved $400-million policy-based loan to India with the aim of enhancing infrastructure quality, ensuring the delivery of reliable public services, and establishing efficient governance systems. This loan is part of Sub-programme 2 within ADB's Sustainable Urban Development and Service Delivery Programme. India's focus on improving urban areas to make them more liveable with resilient and sustainable infrastructure aligns with ADB Strategy 2030. The program also includes comprehensive reforms to manage urban expansion and encourage systematic and planned urbanization. Specifically, Urban Local Bodies (ULBs) will promote the modernization of building regulations, land pooling, and urban mobility planning through transit-oriented development. Such integrated planning will encompass aspects like climate and disaster resilience and enhancements to the urban environment, among other objectives.
📅Published on:
26 October 2023
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Prime Minister Narendra Modi inaugurated, dedicated to the nation and laid the foundation stones for development projects worth more than Rs 35,000 crore in
Vice-President C. P. Radhakrishnan laid the foundation stones for five projects worth Rs 1,010.95 crore and inaugurated a maternity and children’s hospital in
Vice-President C. P. Radhakrishnan laid the foundation stone for infrastructure development projects worth Rs 110 crore at Gauhati University, including a new
Maharashtra Chief Minister Devendra Fadnavis has laid the foundation stone for the Bajaj Finserv Campus at Koregaon Park Annexe in Pune, which is being
Maharashtra is entering a new phase of accelerated urban and economic development, with large-scale redevelopment, infrastructure expansion, new economic
Kirby Building Systems & Structures India Pvt. Ltd., a subsidiary of Alghanim Industries and a leading provider of pre-engineered steel buildings (PEB) and
Housing and Urban Development Corporation (HUDCO) has signed a Memorandum of Understanding (MoU) with the Government of Bihar to provide financial assistance
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
