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In order to Improve Roads in Maharashtra, ADB and GOI Signs Loan Agreement

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ADB and GOI Signs Loan Agreement

In order to improve 11 state highways and 2 district roads in Maharashtra State, The Centre has signed a loan agreement with Asian Development Bank (ADB).

  • According to this loan agreement, a Total of USD ($) 177 million amount will be provided to India that will be used in improving roads of Maharashtra.
  • Under this project, national highways and agricultural areas will be connected with rural and urban areas.
  • Besides this, the Amount could be used to make staff of Maharashtra Public Works Department train. as a result, they can build roads and infrastructure in Maharashtra state by following climate change standards with retaining environment and may adapt to disaster relief features.

About Asian Development Bank –
Headquarters – Mandaluyong, Philippines
President – Masatsugu Asakawa
Founded – 19 December 1966
Membership – 68 countries
Purpose – Economic development

About Maharashtra –
Capital – Mumbai
Governor – Bhagat Singh Koshyari
Capitals – Mumbai, Nagpur (Winter)
Districts – 36
Chief Minister – Uddhav Thackeray
Deputy Chief Minister – Ajit Pawar
State Animal – Giant Squirrel
State Bird – Green Imperial Pigeon
State Flying Insects – Beautiful, Blue Mormon Butterfly
State Tree – Mango Tree
State Flower – Jarul (Taamhan)

ADB and GOI Signs Loan Agreement

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