Home   »   Agreements   »   India & World Bank signs loan...

India & World Bank signs loan agreement for construction of Green National Highway Corridors Project in 4 States

The Government of India and the World Bank have signed an agreement for the Green National Highway Corridors Project, with loan assistance of $500 million against total project cost of $1,288.24 million (Rs 7,662.47 crore).

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

Which 4 states covered under this agreement:

An aggregate length of 781 km will be constructed in the states of Himachal Pradesh, Rajasthan, Uttar Pradesh and Andhra Pradesh.

Aim of this agreement:

  • The objective of the green highway corridor is to demonstrate safe and green highways keeping in view climate resilience and use of green technologies by incorporating the provisions of conservation of natural resources using cement treated sub base/reclaimed asphalt pavement, the
    Rajya Sabha was told.
  • Use of local/marginal material such as lime, fly ash, waste plastic, bio-engineering measures for slope protection such as hydroseeding, coco/jute fibre etc., will enhance the ability of Ministry of Road Transport and Highways to bring green technologies into the mainstream.
  • In order to promote eco-friendly means of transportation and decarbonize the transport sector, Ministry of Road Transport and Highways has notified mass emission standards to introduce alternate fuels.

You may also read: India, US to sign memorandum of understanding on semiconductors

Find More News Related to Agreements

India & World Bank signs loan agreement for construction of Green National Highway Corridors Project in 4 States_4.1

 

Airbnb Signs MoU with Goa Govt to Promote Inclusive Tourism_80.1

Leave a comment

Your email address will not be published. Required fields are marked *