The Asian Development Bank (ADB) and the Central Government signed an agreement for $300 million in additional loan to upgrade 254 km of severely deteriorated highways in northern and southern Bihar.
Tag: Asian Development Bank
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Bihar highways to be upgraded at $300 mn ADB loan
To upgrade 254 kilometres of highways, which are in a very bad condition in northern and southern Bihar, the Union government has signed an agreement with the Asian Development Bank (ADB) for $300 million additional loan. The additional financing for the ongoing Bihar State Highways-II Project will widen the sections of existing four highways to two lanes, build and maintain bridges and repair the pavements.
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Six road projects in Manipur to be funded by ADB
Asian Development Bank (ADB) has sanctioned Rs 1,800 crore for development of roads and bridges in Manipur. The proposal for development of six roads has been sent to ADB. Some of these road project include 110-km long Imphal-Moreh Road on NH-2; 85-km long road from Imphal to Wangjing, Heirok and Khudengthabi; 34-km long ring road in Greater Imphal and road from Imphal to Kangchup.
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Centre signs $60 mn loan pact with ADB for NKUSIP
Centre has signed an agreement with Asian Development Bank (ADB) for A $60 million loan for 'North Karnataka Urban Sector Investment Program' (NKUSIP).
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Lessons from JNNURM
By its very definition, the Jawaharlal Nehru National Urban Renewal Mission (JNNURM), launched seven years ago, vowed to rejuvenate our cities. In the process, funds were allocated segment-wise-water supply, transport augmentation, facilities for the poor,
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Case study: Lessons from Vietnam
After years of treading cautiously and failed attempts at PPP, Vietnam finally seems determined to push the envelope. To fund its first ever PPP project that will connect two major cities along an industrial corridor on the east coast,
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ADB to form company for TAPI project
By end-September 2013, the four nations involved in the Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline project agreed to form a company for implementing this purpose. All the four nations agreed to this at a recent meeting of the Steering Committee on the TAPI gas pipeline project in Ashgabat. The meeting was attended by Petroleum and Natural Gas Minister Veerappa Moily, Rashid Meredov, Depu
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Govt to seek assistance to rebuld infra in Uttarakhand
Ministry of Finance, Government of India, has decided to seek external assistance from the Multilateral Development Banks (MDBs) like Asian Development Bank (ADB) and the World Bank for rebuilding of damaged infrastructure in Uttarakhand. Loans from the MDBs would be passed on by Government of India to the state of Uttarakhand as 90 percent grant and 10 percent loan, since it is a special category state
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Investors sell stake in CUGL to Indraprastha Gas
IDFC Private Equity, IL&FS Investment Managers and the Asian Development Bank (ADB) sold their cumulative 50 percent stake in Kanpur-based Central UP Gas (CUGL) to Indraprastha Gas for about Rs 70 crore. These three organisations invested Rs 30 crore in CUGL in 2006. While IDFC Private Equity and IL&FS Investment Managers held 15 percent stake each, ADB held 20 percent stake
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Govt’s move may affect urban infra projects
The decision of the Kerala government to add new staffs to the team of the Kerala Sustainable Urban Development Project (KSUDP) is expected to go against the interest of the project. The new entrants to the project will have to study the entire project from the start and hence completing them within a time-bound manner will not be easy. This woul