Asian Development Bank (ADB) and the Indian government have entered a $300 million loan to help expand rural connectivity and boost the rural economy in Maharashtra.Additional funding for the Maharashtra Rural Connectivity Improvement Project will help improve 1,100 rural roads and 230 bridges in 34 districts, totalling 2,900 km.
Though the Centre has chalked out ambitious infrastructure plans, a multi-rate GST, and the DND toll cancellation issue, may dampen the spirit of the infra industry. Union Minister for Road Transport and Shipping Nitin Jairam GadkariÂ´s well laid out plans to kick start an infrastructure boom in India
The Asian Development Bank (ADB) has agreed to finance the Pune Municipal Corporation (PMC) in conducting studies related to urban transport with an aim to reduce the effects of climate change and strengthen public transport, reports the Indian Express.
Indeed. From the mid-1990s, where we started with private sector involvement with power generation, and subsequently into mobile telephony and transport sector in the mid-2010s, we are easily the worldÂ´s largest PPP market. India has travelled a long way.
Asian Development Bank (ADB) said it supports India's commitment to build more infrastructure and will increase its lending to $10-12 billion till 2018. ADB President Takehiko Nakao met Finance Minister Arun Jaitley and praised India's strong economic performance in the face of weak global growth.