India and ADB sign $175mn loan pact for MP road upgradation
India and the Asian Development Bank (ADB) have inked a $175 million loan agreement to upgrade 500 km of state highways and major district roads in Madhya Pradesh. The project will incorporate climate- and disaster-resilient designs, innovative road safety elements, and facilities catering to diverse needs. The agreement was signed by Juhi Mukherjee, Joint Secretary, Ministry of Finance, and Takeo Konishi, Country Director of ADB’s India Resident Mission. The initiative aims to enhance connectivity across 14 districts, fostering balanced economic development in Madhya Pradesh. ADB will also build the capacity of Madhya Pradesh Road Development Corporation Ltd (MPRDC) in climate change adaptation, disaster resilience, and road safety, promoting green technology and electric vehicle infrastructure.
📅Published on:
09 December 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
The Madhya Pradesh Cabinet has approved the Rs 1,757.55 crore Bhopal-Vidisha four-lane highway project to improve regional connectivity and support the
The Ministry of Road Transport and Highways (MoRTH) has introduced a series of reforms to attract greater private investment in National Highway projects
The Uttarakhand Cabinet has approved a Memorandum of Understanding (MoU) with the Uttar Pradesh Government to extend the Ganga Expressway from Meerut to
IRB Infrastructure Developers Ltd. has reported a 26% year-on-year increase in toll revenue for July 2026, collecting Rs. 798 crore compared to Rs. 633 crore
The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved the 135.87-km, four-lane access-controlled Guwahati-Tezpur
The Rajasthan government has approved 3,232 road infrastructure projects worth Rs. 2,101.16 crore for the construction of non-patchable and missing link roads
The National Highways Authority of India (NHAI) has initiated strict action against the concessionaire, independent engineer and project officials following
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
