ADB, GoI sign $300-million loan deal for rural connectivity in Maharashtra
The Asian Development Bank (ADB) and Government of India on Wednesday signed a 300-million-dollar loan agreement as additional financing to scale up rural connectivity in Maharashtra.
The additional financing for the ongoing Maharashtra Rural Connectivity Improvement Project will help improve an additional 1,100 rural roads and 230 bridges for a total length of 2,900 km in 34 districts. The project, with $200 million financing, approved in August 2019 is already improving and maintaining 2,100 km of rural roads across Maharashtra.
The signatories to the loan agreement were Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs, Ministry of Finance, signing for the Government of India, and Takeo Konishi, Country Director of ADB’s India Resident Mission signing for ADB.
