Categories: Agreements

India signs $177 mn loan with ADB to improve road in Maharashtra

The Asian Development Bank (ADB) and the Government of India have signed a $177 million loan to upgrade road infrastructure in the state of Maharashtra. The loan has been signed with prime objective of upgrading the 450 km of state highways and major district roads in the state of Maharashtra. The road improvement project consists of improving 2 major district roads and 11 state highways having the combined length of 450 km. The project will improve the connectivity to national highways, seaports, airports, industrial areas, rail hubs, interstate roads, district headquarters, enterprise clusters and agricultural areas.

Click Here To Get Test Series For SBI PO 2020

The project will also involve the strengthening of road safety measures with the development of a road safety audit framework that will led to the protection of vulnerable groups including the elderly, women, and children. 5-years performance-based maintenance obligations to contractors will be encouraged to sustain asset quality and service levels, hence updating road maintenance system. It will also train the Maharashtra Public Works Department project staff to enhance their capacity in climate change adaptation and disaster resilient features in various aspects such as road design, road maintenance planning and road safety.

Important takeaways for all competitive exams:

  • Chief Minister of Maharashtra: Uddhav Thackeray; Governor: Bhagat Singh Koshyari.
  • President of Asian Development Bank: Masatsugu Asakawa.

Find More News Related to Agreements

Recent Posts

In Which State is Wayanad Wildlife Sanctuary Located?

The Wayanad Wildlife Sanctuary is a well-known forest area in India that is famous for…

9 hours ago

NITI AAYOG Launched Unlocking $25+ Billion Export Potential Report

NITI Aayog launched a report titled ‘Unlocking $25+ Billion Export Potential - India’s Hand &…

10 hours ago

Justice BR Gavai Next CJI of India as Successor to Chief Justice Sanjiv Khanna

On April 16, 2025, Chief Justice of India (CJI) Sanjiv Khanna named Justice B R…

10 hours ago

In Which State is Grizzled Squirrel Wildlife Sanctuary Located?

The Grizzled Squirrel Wildlife Sanctuary is a protected area in India that was created to…

11 hours ago

Defence Literature Festival ‘Kalam & Kavach 2.0’

The Centre for Joint Warfare Studies (CENJOWS), under the aegis of the Headquarters Integrated Defence…

11 hours ago

Banaras Shehnai Get Recognition of GI Tag

The recent conferment of the Geographical Indication (GI) tag to the Banaras Shehnai is a…

11 hours ago