Centre, ADB Sign 200 Million Dollar Loan Pact To Upgrade State Highways In Bihar

The Centre and Asian Development Bank (ADB) has signed a 200 million dollar loan agreement to finance widening and upgrading of about 230 Kilometers State Highways in Bihar to all-weather standards with road safety features.

The agreement was signed by Additional Secretary in the Finance Ministry Sameer Kumar Khare and Officer-in-Charge of ADB’s India Resident Mission, Rajeev P Singh in New Delhi. Mr. Khare stated that this loan will help the State government to upgrade all State Highways to meet the minimum two-lane standard with better surfaces and improved road safety.

Source- The Money Control

Static/Current Takeaways Important For Canara Bank PO:

  • Takeshi Watanabe was ADB’s first President.
  • Headquarters of ADB is in Manila, Philippines.
  • Takehiko Nakao is a Japanese civil servant who was elected the ninth president of the Asian Development Bank in 2013.
  • Lalji Tandon is currently Governor of Bihar.

 

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