The Asian Development Bank (ADB) has approved USD 350 million loan for road project in the state of Chhattisgarh.
The loan has been sanctioned to rehabilitate and upgrade state highways and major district roads in the state, which will improve connectivity and access basic services and livelihood opportunities.
The total cost of the project is USD 521.69 million of which the government will finance USD 171.69 million.
The road funding project will support the state government’s strategy by rehabilitating or upgrading two state highways and 23 major district roads totalling around 850 km. The roads will be widened from single or intermediate lane width to two to four lanes.
Moreover, in villages and built-up areas, along with street lighting, the project roads will have bus stops accessible to the elderly, women, children, and persons with disabilities.
The estimated completion date for the road project is mid-2024.
About Asian Development Bank :
President: Takehiko Nakao
Founded: 19 December 1966
Headquarters: Mandaluyong, Manila, Philippines
Membership: 68 countries
