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| India signs US$ 250 Million Loan Agreement With World Bank for Rajasthan State Highways
Development Project
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India signs US$ 250 Million Loan Agreement With World Bank for Rajasthan State Highways Development Project
The Government of India, Government of Rajasthan and the World Bank signed a US$ 250 Million Loan Agreement for the Rajasthan State Highways Development Program II Project to build the State's capacity to better manage its highways and improve traffic flows on selected highways in the State of Rajasthan.
The World Bank-supported Project will support the construction, up-gradation, improvement and maintenance of 766 kms of state highways and major district roads.
The US$ 250 million loan from the International Bank for Reconstruction and Development (IBRD) has a 25-year maturity including a 5-year grace period.
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