Road Projects Current Affairs, GK & News

Road Projects  Current Affairs, GK & News

India and ADB sign 177 million USD to upgrade Maharashtra State Highways

On May 28, 2020, the Government of India and the Asian Development Bank signed an agreement to construct state highways in Maharashtra. Highlights The funds received from the bank are to be used by the State Government of Maharashtra to improve road projects. The projects will be used to increase connectivity between urban and rural ..

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“Global Investor Summit” for the first time in Jammu and Kashmir; Road Shows to attract investments

The Government of India is making preparation in full swing for the Global Investors Summit to be held in Jammu and Kashmir in April 2020. Highlights In order to increase the number of investments roadshows are to be conducted from February 17, 2020. The roadshows are to be held in Kolkata, Bengaluru, Mumbai, Chennai, Ahmedabad ..

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Phase III of Pradhan Mantri Gram Sadak Yojana launched

On December 18, 2019, Union Minister of Rural Development, Agriculture and Farmers Welfare, Shri Narendra Singh Tomar launched the third phase of Pradhan Mantri Gram Sadak Yojana. Highlights The third phase aims at consolidation of 1,25,000 km of connectivity that primarily aiming at rural links connecting Gramin Agricultural Markets. The funding pattern is set between ..

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NIIF-Roadis to set up platform to invest in Road Projects

The National Investment and Infrastructure Fund (NIIF) and global transport infrastructure operator Roadis will jointly set up a platform to invest up to $2 billion of equity in road projects in India. The platform would target toll-operate-transfer models and acquisitions of existing road concessions. Roadis is a fully owned subsidiary of the Public Sector Pension ..

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ADB, India ink pact to upgrade 176 km roads in Jharkhand

Multilateral lending agency Asian Development Bank (ADB) has signed a loan agreement with India for providing new loan of 200 million dollars to upgrade 176 km of roads in Jharkhand. The loan funds will be used to upgrade existing sections of four State roads to two lane standard. It will also support improvements in the ..

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