India and ADB sign $200 Million Loan to improve State Highways in Bihar

Union Government has signed $200 million loan agreement with Asian Development Bank (ADB) for Bihar State Highways III Project (BSHP-III). It will finance widening and upgrading of about 230 kms state highways in Bihar to all-weather standards with road safety features. Since 2008, ADB has provided four loans to Bihar amounting to $1.43 billion to ..

Month: Current Affairs - November, 2018

Topics: Asian Development Bank • Bihar • Bihar State Highways III Project • Economy • Economy of Bihar • Finance • Financial services • India-ADB • National • Outline of Bihar • State Highways

India inks $346 million loan agreement with ADB to improve State Highways in Karnataka

India has inked $346 million loan agreement with Asian Development Bank (ADB) to finance Karnataka State Highways Improvement III Project (KSHIP-III) for improvement of over 400 km of state highways in Karnataka. This will help in enhancement of connectivity and access to economic centres across 12 districts in Karnataka. Karnataka State Highways Improvement III Project ..

Month: Current Affairs - August, 2018

Category: Defence Current Affairs

Topics: ADB • Karnataka • Karnataka State Highways Improvement III Project • National • State Highways • Transportation

ADB approves $346 million loan to upgrade Karnataka highways

Multilateral funding agency Asian Development Bank (ADB) has approved $346 million loan for highways upgradation project in Karnataka. The loan funds will be used for Karnataka State Highways Improvement III Project to upgrade 419 km of state highways from two to four–lane widths and improving culverts and bridges along stretch of road. Key Facts The ..

Month: Current Affairs - December, 2017

Topics: Asian Development Bank • Karnataka • National • State Highways