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Thursday, 6 July 2017

AIIB approves USD 329 mn loan to build roads in Gujarat


China based Asian Infrastructure Investment Bank (AIIB) announced its approval to a $329 million loan to build access roads across 4,000 villages in Gujarat.

The funds have been approved to construct road linkages for last-mile connectivity to schools and tribal areas in 33 districts of the state. 

Important Takeaways from the above News:
  • Jin Liqun is present president of the Asian Infrastructure Investment Bank (AIIB).
  • Beijing, China is headquarters of AIIB.
Source- The Times of India

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