India, ADB sign $175 million loan MoU to improve connectivity in Madhya Pradesh

India, ADB sign $175 million loan MoU to improve connectivity in Madhya Pradesh

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India, ADB sign $175 million loan MoU to improve connectivity in Madhya Pradesh

India, ADB sign USD 175 million loan to improve connectivity in MP: The Government of India (GoI) and the Asian Development Bank (ADB) signed a $175 million loan memorandum of understanding (MoU) to improve connectivity and resilience of roads in the state of Madhya Pradesh.

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This project will enhance connectivity in the state road network across 14 districts to enable balanced economic development in Madhya Pradesh

The India and ADB USD 175 million loan MoU project will upgrade about 500 kilometers of state highways and major district roads to a standard two-lane feature. These roads will incorporate climate- and disaster- resilient design, innovative road safety elements, and facilities that will respond to the needs of the elderly, women, children, and people with disabilities.

Read Also: India, ADB sign USD 400 million loan agreement to support urban reform

ADB will build the capacity of the Madhya Pradesh Road Development Corporation Limited (MPRDC) on climate change adaptation and mitigation, disaster resilience, and road safety in road network planning and management. The project will help prepare strategies and plans to utilise green technology in road construction and establish charging infrastructure for electric vehicles.

Since 2002, ADB has supported road development in Madhya Pradesh upgrading more than 9,000 kilometers of state highways and major district roads. The new roads will incorporate climate-and disaster-resilient design, and innovative road safety elements.

Static Current Affairs related to Madhya Pradesh for upcoming exams

• Statehood Day of Madhya Pradesh: 1 November 1956
• Capital City of Madhya Pradesh: Bhopal
• Largest City of Madhya Pradesh: Indore
• Total Districts in Madhya Pradesh: 53 districts (Mauganj became the 53rd district of MP)
• Governor of Madhya Pradesh: Mangubhai C. Patel
• Chief Minister of Madhya Pradesh: Shivraj Singh Chouhan (BJP)
• Total assembly constituencies of Madhya Pradesh: Unicameral (230 seats)
• Parliamentary constituency of Madhya Pradesh: Rajya Sabha (11 seats) and Lok Sabha (29 seats)
• High Court: Madhya Pradesh High Court Jabalpur
• Total Population of Madhya Pradesh (2011): 72,626,809
• Official Languages of Madhya Pradesh: Hindi
• Literacy Rate of Madhya Pradesh (2011): 70.06%
• Sex Ratio in Madhya Pradesh (2011): 931 ♀/1000 ♂