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ADB approves USD 300 million additional loan for Maharashtra

ADB approves USD 300 million additional loan for Maharashtra_50.1

The Manila-based Asian Development Bank has approved a USD 300 million loans as additional financing for the ongoing Maharashtra Rural Connectivity Improvement Project for upgrading rural roads and connecting remote areas with markets. The additional financing will be used for improving an additional 1,100 rural roads and 230 bridges for a total length of 2,900 km in 34 districts of the state.

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The project was approved in August 2019, for improving and maintaining the condition and safety of 2,100 kilometres (km) of rural roads across Maharashtra.

Important takeaways for all competitive exams:

  • Maharashtra Governor: Bhagat Singh Koshyari.
  • Maharashtra Capital: Mumbai.
  • Maharashtra CM: Uddhav Thackeray.

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