Business

ADB Signs $250 Mn Loan With Govt To Improve Rural Connectivity In 5 States

SHAHNAWAZ | 0
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| January 31 , 2018 , 16:53 IST

The Asian Development Bank (ADB) and the Government of India on Tuesday signed a $250 million loan to improve rural connectivity in the states of Madhya Pradesh, Chhattisgarh, West Bengal, Odisha and Assam.

The loan will be used to finance the construction of 6,254 kms long all-weather roads in the rural areas of these states under the Pradhan Mantri Gram Sadak Yojana (PMGSY).

ADB Board had approved a $500 million Second Rural Connectivity Investment Program for India in December 2017.

The program is aimed at improving rural connectivity, facilitating safer and more efficient access to livelihood and socio-economic opportunities for rural communities through improvements to about 12,000 kilometres rural roads across these states.

Under the project, about 2,000 technical personnel would be imparted training on road safety and maintenance.

The investment program builds on the $800 million ADB-financed first Rural Connectivity Investment Program in 2012 that added about 9,000 kilometres of all-weather rural roads in the same States.

In view of increased rainfall and storm surges in the project states, the road designs will take into account these climate risks with measures such as greater elevation of road embankments, slope protection, and better drainage in flood-prone areas.

As per a government of India release, women were extensively consulted during the project design and will gain some key benefits, including improved access to healthcare, livelihoods, and schooling.