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Asian Development Bank to provide $608 m for infra development in Bihar, Orissa
 
 
 
  


ADB to provide $608 m for infra development in Bihar, Orissa
 
NEW DELHI: Multilateral funding agency Asian Development Bank on Friday said it will provide loan worth $608.2 million to Bihar and Orissa, for upgrading their infrastructure. Asian Development Bank (ADB) will provide 25-year loan worth $420 million to Bihar for upgrading and expansion of the state's highway network aimed at supporting economic expansion and alleviates poverty. The Bihar State Highways Project, with a total investment of $468 million, will improve about 820 km of road under the state' s highway development programme.
A $ 1 million-technical assistance has also been granted for reforming road sector institutions. Centre will give the remaining $48 million for the project. With the expanding economy, demand for good roads has increased as they "will improve access to socio-economic services, increase employment opportunities and improve transport services, which will reduce poverty in the region,'' a senior ADB official said in a statement.
The funding agency will also provide a $188.2 million multi-tranche loan to help in modernising the irrigation infrastructure and management systems in Orissa. The investment will focus on four northern river basins and a part of the Mahanadi River Delt a in Orissa. - PTI


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Hot issues of Today
  • Re: Are SIMI, Bajrang Dal two sides of same coin?
  • The book Da Vinci Code shakes the faith not to pus...
  • After UP, Tamil Nadu, Bengal, get ‘not usable’ Jap...
  • RE: Are SIMI, Bajrang Dal two sides of same coin?
  • Re: Are SIMI, Bajrang Dal two sides of same coin?
  • Implement NHRC recommendations on Salwa Judum:Supr...
  • Re: Are SIMI, Bajrang Dal two sides of same coin?
  • 'Lonely' 70-year-old held for trying to wed 15 yr ...
  • An open letter to Prime minister Manmohan Singh fr...
  • Re: Are SIMI, Missionaries, two sides of same coin?
  • Bokaro
  • Chaibasa
  • Chatra
  • Deoghar
  • Dhanbad
  • Dumka
  • Garhwa
  • Giridih
  • Godda
  • Gumla
  • Hazaribag
  • Jamshedpur
  • Jamtara
  • Koderma
  • Latehar
  • Lohardaga
  • Pakur
  • Palamu
  • Ramgarh
  • Ranchi
  • Sahibganj
  • Seraikela
  • Simdega
  • Bokaro
  • Chaibasa
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  • Garhwa
  • Giridih
  • Godda
  • Gumla
  • Hazaribag
  • Jamshedpur
  • Jamtara
  • Khunti
  • Koderma
  • Latehar
  • Lohardaga
  • Pakur
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