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BREAKING NEWS

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GoI & NDB signed $350 million loan agreement

India has signed its first loan agreement with the New Development Bank (NDB)/BRICS Bank for $350 million to be used in the development and upgradations of district roads in Madhya Pradesh. The objective of the project is the upgrade major district roads in Madhya Pradesh to improve road connectivity in the interior areas of the state with the national and state highway networks. The project will include upgradations, reconstruction and rehabilitation of approximately 1,500 km of district roads to intermediate lane, all-weather standards. It will also have road safety features and improved road maintenance and management.

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