06 July 2017

AIIB approves USD 329 mn loan to build roads in Gujarat

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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