10 July 2018

Asian Development Bank Approves 503 million USD Project For Bihar

Asian Development Bank Approves 503 million USD Project For Bihar


Asian Development Bank (ADB) has approved 503-million US Dollar lining project of the Son canal in Shahabad-Bhojpur region of Bihar which would benefit the agriculture sector immensely in the region.

Power and New & Renewable Energy Minister RK Singh held a meeting with the officials from the ADB and the finance ministry to review the progress of lining project of the Son canal. The estimated cost of the project is 503 million dollars out of which 352 million dollars is being provided by ADB.

Source- AIR World Service

Static/Current Takeaways Important for Dena Bank PO Exam 2018- 
  • The Asian Development Bank is a regional development Bank established in 1966.
  • Headquarters of ADB is in Manila, Philippines.
  • Takehiko Nakao is Present President of the Asian Development Bank. 

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