India and ADB Signs $110 Million Loan to Improve Rural Connectivity in Madhya Pradesh

India and ADB Signs $110 Million Loan to Improve Rural Connectivity in Madhya Pradesh
India and ADB Signs $110 Million Loan to Improve Rural Connectivity in Madhya Pradesh

India and ADB Signs $110 Million Loan to Improve Rural Connectivity in Madhya Pradesh

India and Asian Development Bank (ADB) signed a $110 million loan to finance the upgrade of 2,800 kilometers all-weather rural roads in the State of Madhya Pradesh under the Prime Minister's Rural Roads Program (PMGSY).


The $110 million is the tranche 2 of the $500 million Second Rural Connectivity Investment Programme for India approved by the multilateral lending agency in December 2017.

The overall program is aimed at improving rural connectivity, facilitating safer and more efficient access to livelihood and socio-economic opportunities for rural communities through improvements to about 12,000 kilometers rural roads across the states of Assam, Chhattisgarh, Madhya Pradesh, Odisha, and West Bengal. Tranche 1 loan of $250 million is currently under implementation in the 5 project states, upgrading over 6,000 km of rural roads.


"The tranche 2 of the project will provide continued assistance to the PMGSY by upgrading rural roads in Madhya Pradesh that will support the Government's long term goal to achieve inclusive economic growth in rural India.

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