To repair over 900 kilometres of roads in Chhattisgarh state, the Asian Development Bank would provide $300 million loan to the State government, the Bank said in statement on December 11. The project would include works such as expanding roads for two-laning, building new sections, construction and strengthening of culverts and brigdes.
The statement said that the project supports Chhattisgarh’s priority investment programme to improve more than 8,800 kilometres of state roads. Once the project is completed in December 2017, ADB will have financed upgrades to nearly 2,200 kilometres of the network.
The Chhattisgarh government would also provide more than $128 million, for a total project investment cost of $428.1 million. ADB Director General for South Asia Development Juan Miranda said that more than 40 per cent of Chhattisgarh’s 21 million residents live below the poverty line.
Low quality roads are undermining the benefits of the state’s rich mineral and coal deposits, holding back new economic opportunities and access to social amenities, especially for minority groups, the Bank statement said.
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