AIIB to provide USD 455 million for Andhra Pradesh rural roads project
NEW DELHI: The Asian Infrastructure Investment Bank (AIIB) will provide a loan of USD 455 million to finance the Andhra Pradesh Rural Roads Project, which will connect about 3,300 habitations with a population of more than 250, and benefit around two million people.
An agreement in this regard was signed between the AIIB and the government, said a release of the finance ministry. “The project is likely to improve the life of a common man living in the remote and isolated areas in the state of Andhra Pradesh,” it said.
