The World Bank (WB) has agreed to extend a $1.5 billion loan to India to build 24,000 km of all-weather roads in rural areas. The loan will be used to fund the Pradhan Mantri Gram Sadak Yojana (PMGSY) in seven economically poor areas of hilly states like Uttar Pradesh, Himachal Pradesh, Jharkhand, Meghalaya, Punjab and Uttarakhand. Other states may also be included in the programme in the next five years.This is the largest ever rural roads project approved by the World Bank and is expected to benefit more than six million people. Under the project, participating states will achieve 91 per cent connectivity in the next five years by building new roads and improving the links of the existing network. The Indian Government will partly finance the project.
FlashNews:
Trimble MD champions digital solutions for industry growth at RAHSTA
Vipin Sondhi: Indian infra booms with road construction opportunities
RK Pandey promotes safe road development at RAHSTA launch
RAHSTA to pave the way for innovation in road construction: AK Singh, NHAI
Road construction leaders launch RAHSTA Expo 2024 in Delhi
Road construction industry launches RAHSTA Expo 2024 in Delhi
Road construction industry to launch RAHSTA Expo 2024
Shapoorji Pallonji divests Gopalpur port for Rs 33.5 bn
15th Cement EXPO to be held in March 2025 in Hyderabad
IIFCL raises Rs 1,500 crore through bonds/debentures
Metro Rail sustainability suffering from affordability & connectivity
Dr E Sreedharan, India’s ‘Metro Man’ & India’s Top Metro Rail CEOs converge in Mumbai for CW Metro Rail Conference
Road Contracts awarded drop to less than half!
Synergy Steels clinches Award for Best Environment & Pollution Control Practices, 2023
Will QCBS phase out L1 for Infrastructure Procurement?
Noida Airport to soon link with rail routes
E-Mobility: Delhi to roll out 500 low-floor electric buses
First phase of Dholera Smart City nearly completed
PM Modi launches Varanasi Smart City website
Home » WB to grant $1.5 bn loan to build 24,000 km rural roads
Leave a Reply
You must be logged in to post a comment.