India, ADB sign $295 million loan agreement to upgrade highways in Bihar

India, ADB sign $295 million loan agreement to upgrade highways in Bihar

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India, ADB sign $295 million loan agreement to upgrade highways in Bihar

India, ADB sign USD 295 million loan agreement to upgrade highways in Bihar: The Government of India and Asian Development Bank (ADB) signed an agreement for a $295 million loan to upgrade around 265 kilometer state highways with climate and disaster resilient design, and road safety elements in the state of Bihar.

Read Also: India, ADB sign $130 million loan MoU to promote horticulture in Himachal Pradesh

The Agreement Signed by

The signatories to the agreement Vumlunmang Vualnam, Additional Secretary, Department of Economic Affairs, who signed on behalf of Government of India and Mr. Takeo Konishi, Country Director for ADB in India, who signed for ADB.

Read Also: India, ADB sign $96.3 million loan agreement to improve water supply in Himachal Pradesh | Daily Current Affairs Dose

Key Highlights

The ADB and India $295 million loan agreement project supports the Government of Bihar’s programme to upgrade all state highways to standard two-lane widths and improve road safety.

The improved roads will enhance connectivity in some of Bihar's poorest rural districts and promote access to health and education facilities, and markets to improve people’s lives.

Read Also: India, ADB sign $141.12 million loan agreement for industrial corridor development in Andhra Pradesh

The Asian Development Bank (ADB), India $295 million loan project will also encourage women’s participation by providing employment to female workers in construction works. Trainings in livelihood as well as awareness on road safety, health, hygiene, abuse and harassment will be offered to women from communities in the project areas.

Background

Since 2008, ADB has provided five loans totaling $1.63 billion to the state of Bihar, for upgradation of about 1,696 kilometre state highways and construction of a new bridge over the Ganga River.

Static Current Affairs related to Bihar for upcoming exams

• Formation: 22 March 1912
• Capital city: Patna
• Largest city: Patna
• Total Districts: 38
• Governor: Rajendra Arlekar
• Chief minister: Nitish Kumar (JD(U))
• Deputy chief minister: Tejashwi Yadav (RJD)
• Assembly: Bihar Legislative Assembly (243 seats)
• Rajya Sabha: 16 seats
• Lok Sabha: 40 seats
• High Court: Patna High Court
• Total Population (2011): Increase 104,099,452
• Official language: Hindi
• Additional official language: Urdu
• Literacy (2020): 68.15%
• Sex ratio (2020): 918♀/1000 ♂