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World Bank agrees to lend Rs 11.6 bn for transport project

World Bank agrees to lend Rs 11.6 bn for transport project

The Rs 2,403 crore second phase of the Kerala State Transport Project (KSTP) received partial funding from the World Bank. The multilateral lending agency signed a loan agreement with the Department of Economic Affairs to make available Rs 1,166 crore for the project. Under the second phase, the Kerala government would develop 367 km of state highways spread over eight