The Asian Development Bank and the Government of India signed an agreement for financing road up-gradation project in Sikkim. ADB will give a $2.5 million project readiness financing (PRF) loan to support projects related to upgradation of major district roads in Sikkim. It will improve the connectivity and also boost the economic activities in the state. The project readiness nancing (PRF) will help in connecting the major district and other roads with the national and state highway network.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
In 2011, the ADB-funded North Eastern State Roads Investment Program was launched to improve road connectivity in Sikkim. The state agencies will prepare detailed engineering designs of selected sub-projects and do feasibility studies. Sikkim’s road network requires regular up-gradation due to frequent landslides and erosion.
Important takeaways for all competitive exams:
In a strategic move to bolster its financial services division, Paytm has announced significant leadership…
West Bengal's political landscape boasts a legacy of dynamic leadership, with a succession of Chief…
The Reserve Bank of India (RBI) has disclosed that 97.76% of the Rs 2000 denomination…
The People's Republic of China has reclaimed its throne as the top badminton nation, clinching…
In response to a public interest litigation (PIL) on child marriage, the Rajasthan High Court…
In a remarkable feat, The Hindu secured three prestigious awards at the 6th International Newspaper…