ADB loan of $300 Million to boost regional trade and roads in India

06 Dec 2022 CW Team

More than 300 kilometres of state highways and significant district roads in Assam, including six road segments in the state's western, central, and southern regions, will be upgraded thanks to a $300 million loan approved today by the Asian Development Bank (ADB).

The project will add new climate- and disaster-resistant structures and double the number of lanes on state highways and significant district roads. Infrastructure for pedestrians and public transportation will be built, highways in flood-prone areas will be elevated, and landslide control measures will be added in hilly and mountainous regions.

This project would upgrade the highways that connect the SASEC corridors and the borders with Bhutan and Bangladesh, which is projected to increase cross-border trade and transportation.

The project will support the Jogighopa multimodal logistics park that is being constructed as well as a future one in Silchar that will serve inland waterways, inland railroads, and airports.

Also read:
Ashoka Buildcon bags NHAI corridor project in Kerala
Jammu chief secretary holds meeting on road projects

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