Daily Current Affairs Article 25th December 2020: The Government of India recently inked USD 500 million project with World Bank to build safe and green national highway corridors in Rajasthan, Himachal Pradesh, Uttar Pradesh and Andhra Pradesh.
The Green National Highways Corridors Project will support the Road Transport and Highways Ministry to construct 783 kilometres of highways in various geographies by integrating safe and green technology designs such as local and marginal materials, industrial by-products and other bioengineering solutions.
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The project will help reduce GHG emissions in the construction and maintenance of highways.
The project will also enhance the capacity of the Ministry of Road Transport and Highways in mainstreaming safety and green technologies.
The $500 million loan from the International Bank for Reconstruction and Development (IBRD), has a maturity of 18.5 years including a grace period of five years.
