ADB, India ink $200 million loan agreement for Jharkhand roads

New Delhi, June 3 (IANS) The Indian government and the Asian Development Bank (ADB) on Friday inked an agreement for a $200 million loan to upgrade 176-km roads in Jharkhand, an official statement said.

“The financing for the Jharkhand State Roads II Project will help upgrade the existing sections of four state roads and also support improvements in the design, safety and maintenance of the road network,” a Finance Ministry statement said.

The project will also develop a road safety master plan of international standard, which will promote road safety in Jharkhand.

ADB India Director Teresa Kho said: “The new assistance will continue the ongoing physical upgrades as well as increasing the institutional capacity of the State Highways Authority of Jharkhand (SHAJ) as an autonomous road development agency.”

The safety and environmental friendly features include 60 bus stop shelters, 50-km raised sidewalks in urban areas, four-km dedicated bicycle lanes and solar-powered street lights.



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