VIJAYAWADA: Aimed at facilitating better transportation, road connectivity and to link mandal headquarters with district headquarters, the Roads and Buildings department has proposed to take up two projects — AP Mandal Connectivity and Rural Connectivity Improvement Project (APMCRCIP) and AP Roads and Bridges Reconstruction Project (APRBRP) — at an estimated cost of Rs 6,400 crore.
The Centre, State government and New Development Bank (NDB) signed loan agreements for $323 million each (NDB share 70 per cent) for the two projects on Wednesday. The agreement was signed by Department of Economic Affairs Joint Secretary Baldeo Purushartha and Principal Secretary (Transport and R&B) MT Krishna Babu and Xian Zhu, vice-president and Chief Operations Officer (CEO) of the NDB.
