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NDB extends $646 m loan for upgrading state highway network in Andhra
By IANS |
Published on
Wed, Jan 6 2021 18:12 IST |
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India, NDB sign $500M agreement for NCR public transport project. Image Source: IANS News
New Delhi, Jan 6 : The Indian government and the Andhra Pradesh government on Wednesday signed a loan agreements of up to $323 million each with the New Development Bank (NDB) for two road sector projects.
The first project - the Andhra Pradesh Roads and Bridges Reconstruction Project - comprises widening 1,600 km of state highways to double lane and reconstructing dilapidated bridges on the state highway network. The second project - the Andhra Pradesh Mandal Connectivity and Rural Connectivity Improvement Project - comprises widening 1,400 km of district roads to double lane and reconstructing dilapidated bridges on the district road network.
The Andhra Pradesh government will implement the projects through the Roads and Buildings Department. Andhra Pradesh gets $646 mn push from NDB to bolster state highways, district roads | Photo Credit: Representative Image
New Delhi: The Central government, Andhra Pradesh state government and the New Development Bank (NDB) today signed loan agreements of up to $323 million each for two projects.
The first project – Andhra Pradesh Roads and Bridges Reconstruction Project – comprises widening 1,600 km of state highways to double lane and reconstructing dilapidated bridges on the state highway network. The second project – Andhra Pradesh Mandal Connectivity and Rural Connectivity Improvement Project – comprises widening 1,400 km of district roads to double lane and reconstructing dilapidated bridges on the district road network.
India, NDB sign agreements for USD 646 million for upgrading state highway network in Andhra ANI | Updated: Jan 07, 2021 00:06 IST
New Delhi [India], January 7 (ANI): The Indian government and the Andhra Pradesh government on Wednesday signed a loan agreements of up to USD 323 million each with the New Development Bank (NDB) for two road sector projects.
The first project - the Andhra Pradesh Roads and Bridges Reconstruction Project - comprises widening 1,600 km of state highways to double lane and reconstructing dilapidated bridges on the state highway network. The second project - the Andhra Pradesh Mandal Connectivity and Rural Connectivity Improvement Project - comprises widening 1,400 km of district roads to double lane and reconstructing dilapidated bridges on the district road network.