The government of India and the Asian Development Bank (ADB) have signed a USD 300 million loan as additional financing to scale up the improvement of rural connectivity to help boost the rural economy in the state of Maharashtra. This is in addition to USD 200 million financings, approved by ADB in August 2019.
The additional financing for the ongoing Maharashtra Rural Connectivity Improvement Project will help improve an additional 1,100 rural roads and 230 bridges for a total length of 2,900 kilometres (km) in 34 districts. The ongoing project with $200 million financings, approved in August 2019, is already improving and maintaining the condition and safety of 2,100 km of rural roads across Maharashtra.
Important takeaways for all competitive exams:
- Maharashtra Governor: Bhagat Singh Koshyari;
- Maharashtra Capital: Mumbai;
- Maharashtra CM: Uddhav Thackeray.