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Daily Current Affairs 19th October 2020 For All Government Examinations |
Daily Current Affairs 19th October 2020 For All Government Examinations
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India, ADB sign USD 177 million loan for state road improvements in Maharashtra
The Asian Development Bank (ADB) and the Government of India signed a $177 million loan to upgrade 450 kilometers (km) of state highways and major district roads in the state of Maharashtra.
The MoU Signed by
The signatories to the Maharashtra State Road Improvement Project were Shri Sameer Kumar Khare, Additional Secretary (Fund Bank and ADB), Department of Economic Affairs in the Ministry of Finance who signed for the Government of India, and Mr. Kenichi Yokoyama, Country Director of ADB’s India Resident Mission who signed for ADB.
Benefits
The project will improve connectivity between rural areas and urban centres in the state enabling rural communities to better access markets, employment opportunities and services. Improved mobility will expand development and livelihood opportunities outside of the state’s major urban centers to second-tier cities and towns thus reducing income disparities.......Read More
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