World Bank Signs $120 Million Project to Improve Connectivity in Meghalaya

The Government of India, the Government of Meghalaya and the World Bank has signed a $120-million project to improve and modernize the transport sector of Meghalaya. This will help Meghalaya to harness its vast growth potential for high-value agriculture and tourism. The $120 million loans from the International Bank for Reconstruction and Development (IBRD), has a maturity of 14 years including a grace period of six years. The International Bank of Reconstruction and Development (IBRD) is a development bank administered by the World Bank.

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Under the project:

The Meghalaya Integrated Transport Project (MITP) will improve about 300 km of strategic road segments and stand-alone bridges by using innovative, climate-resilient, and nature-based solutions.
The segments will serve major agriculture areas, important tourist destinations, small-scale industries, major towns and underserved populations by linking them to markets, health and education centres, and national and international corridors.
It will also support innovative solutions such as precast bridges to reduce both time and cost of construction.
This operation will also support the state’s government “Restart Meghalaya Mission” to revive and boost development activities affected due to COVID-19 pandemic.
It will help restore transport services for the movement of agricultural produce, improve access to health facilities during COVID-19 type medical emergencies, benefit about 500,000 inhabitants, and generate direct employment of about 8 million person-days.

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