Categories: State News

India and NDB signs USD 646 million loan agreement for Andhra Pradesh

The New Development Bank (NDB) has signed loan agreements worth USD 646 million with the Government of India for two road projects in Andhra Pradesh. Each project costs USD 323 million. These projects will improve mobility and connectivity to the socioeconomic centres, enhance transport efficiency, improve road safety and riding quality, and provide all-weather accessibility for the State’s road users.

WARRIOR 4.0 | Banking Awareness Batch for SBI, RRB, RBI and IBPS Exams | Bilingual | Live Class

First project:

The first project is the Andhra Pradesh Roads and Bridges Reconstruction Project. It comprises widening 1,600 km of State Highways to double lane and reconstructing dilapidated bridges on the State Highway network.

Second project:

The second project is Andhra Pradesh Mandal Connectivity and Rural Connectivity Improvement Project. It comprises widening 1,400 km of district roads to double lane and reconstructing dilapidated bridges on the district road network.

Important takeaways for all competitive exams:

  • New Development Bank Headquarters Location: Shanghai, China.
  • New Development Bank President: Marcos Prado Troyjo.
  • New Development Bank Founder: BRICS.
  • New Development Bank Founded: 15 July 2014.

Find More State In News Here

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Recent Posts

Which Fruit is known as the Richest Source of Vitamin C?

Did you know that not all fruits give the same amount of Vitamin C? While…

9 hours ago

New Director Appointment in Defence Department Approved BY ACC, Check Here

In an important decision related to senior bureaucratic postings, the Appointments Committee of the Cabinet…

10 hours ago

Which Country has Both Deserts and Rainforests?

Did you know that some countries are home to completely opposite natural worlds? In one…

11 hours ago

In Nail-Biting Final This Team Seal Pro Wrestling League 2026 Title

The Pro Wrestling League (PWL) 2026 ended with high drama as Haryana Thunders lifted the…

11 hours ago

Meet The First Woman To Hold AAI Board Member Post

Nivedita Dubey has assumed charge as Member (Human Resources) of the Airports Authority of India…

11 hours ago

Assam Government Approves Heritage Grant for Darrang Kings of Koch Dynasty

On February 2, 2026, the Assam government declared a ₹50 crore grant to preserve and…

11 hours ago