Which of the following statements is/are correct with reference to the Green National Highways Corridors Project?

Answer & Explanation

Option: Both A & B

Explanation:

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 $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.