Page-3 of infrastructure projects
Government inks $300 million loan agreement with ADB to support IIFCL
Union Government has inked $300 million Loan Agreement with Asian Development Bank (ADB) to support lending by India Infrastructure Finance Company Limited (IIFCL). The loan will enhance availability of long-term finance for PPP projects, improve operational capacity of IIFCL. It ..
Month: Current Affairs - November, 2018
Government approves Rs 8,606 crore for 60 projects under scheme of Border Infrastructure and Management
Union Government has approved Rs 8,606 crore for 60 projects being implemented under umbrella scheme of Border Infrastructure and Management (BIM). The projects are being implemented in 111 border districts in 17 states having the international borders with Pakistan, China, ..
Month: Current Affairs - September, 2018
Postal Highway Project: India grants Rs 470 million to Nepal
India has released additional Rs. 470 million (Nepali) for Phase I of Postal Highway Project being constructed in Southern Plains of Nepal. The amount released will help to maintain fund liquidity for ongoing construction of 14 road packages under Postal ..
Month: Current Affairs - August, 2018
EXIM Bank extends $4.5 billion loan to Bangladesh for social, infrastructure projects
The Export-Import Bank of India (Exim Bank) will provide loans worth about US $4.5 billion (Rs 29,200 crore) to Bangladesh for financing of various social and infrastructure projects. In this regard, Exim Bank has entered into agreement with Bangladesh Government ..
Month: Current Affairs - April, 2018
AIIB approves $1.5 billion in loans to India for infrastructure projects
China-based Asian Infrastructure Investment Bank (AIIB) has approved $1.5 billion in loans to India for infrastructure-related projects in 2018. The funds will be used for investment in India’s energy, roads and urban development projects. It also includes $200 million commitment ..