ADB nods $300 mn additional loan for Maharashtra’s rural roads
ROADS & HIGHWAYS

ADB nods $300 mn additional loan for Maharashtra’s rural roads

The Asian Development Bank (ADB) has approved an additional loan of $300 million for the ongoing Maharashtra Rural Connectivity Improvement Project, which is upgrading rural roads and joining remote areas with markets in Maharashtra.

The ongoing project to develop and maintain the safety and condition of 2,100 km of Maharashtra's rural roads was approved in August 2019.

The Multilateral funding agency said that the additional loan will enhance 1,100 rural roads and 230 bridges for 2,900 km of total length in 34 districts.

ADB Senior Rural Development Specialist for South Asia Masahiro Nishimura told the media that the additional financing aims to help expedite Maharashtra's economic recovery from Covid-19 devastation by creating rural employment and transforming agriculture.

The Maharashtra overnment plans to improve the average growth rate of agriculture and allied activities to more than 5% per year by 2030. The project will also provide last-mile connectivity to a large number of small villages, improving access to health and education amenities and hugely serving the poor and vulnerable population by improving agriculture productivity, it added.

The bank said the state government, acting through Maharashtra Rural Road Development Association as the executing agency, has developed a gender action plan, which concentrates on the capacity development of women workers.

In August 2019, the latest financing will rebuild and rehabilitate roads and bridges in Maharashtra destroyed by the devastating floods, it said. ADB further added that the plan includes climate and flood resilience measures, pilot test the use of environment-friendly materials on selected road segments, and utilise new technologies.

Image Source


Also read: Govt approves over Rs 600 cr to build roads and bridges in Uttarakhand

The Asian Development Bank (ADB) has approved an additional loan of $300 million for the ongoing Maharashtra Rural Connectivity Improvement Project, which is upgrading rural roads and joining remote areas with markets in Maharashtra. The ongoing project to develop and maintain the safety and condition of 2,100 km of Maharashtra's rural roads was approved in August 2019. The Multilateral funding agency said that the additional loan will enhance 1,100 rural roads and 230 bridges for 2,900 km of total length in 34 districts. ADB Senior Rural Development Specialist for South Asia Masahiro Nishimura told the media that the additional financing aims to help expedite Maharashtra's economic recovery from Covid-19 devastation by creating rural employment and transforming agriculture. The Maharashtra overnment plans to improve the average growth rate of agriculture and allied activities to more than 5% per year by 2030. The project will also provide last-mile connectivity to a large number of small villages, improving access to health and education amenities and hugely serving the poor and vulnerable population by improving agriculture productivity, it added. The bank said the state government, acting through Maharashtra Rural Road Development Association as the executing agency, has developed a gender action plan, which concentrates on the capacity development of women workers. In August 2019, the latest financing will rebuild and rehabilitate roads and bridges in Maharashtra destroyed by the devastating floods, it said. ADB further added that the plan includes climate and flood resilience measures, pilot test the use of environment-friendly materials on selected road segments, and utilise new technologies. Image Source Also read: Govt approves over Rs 600 cr to build roads and bridges in Uttarakhand

Next Story
Resources

Sumadhura Group eyes revenue of Rs 40 billion

The Sumadhura Group announced the launch of three premium projects across the Bengaluru and Hyderabad markets - Sumadhura’s first theme-based residential project, Mediterranean-styled Sumadhura Epitome in North Bangalore; Sumadhura Capitol Residences at prime location in East Bangalore and Sumadhura Palais Royale, an uber luxury project in Hyderabad. The group is eyeing an estimated revenue potential of Rs 40 billion from the three projects with Rs 5 billion to be generated from Epitome; Rs 10 billion from Capitol Residences and Rs 25 billion from Palais Royale respectively. The launch of th..

Next Story
Resources

KEC wins new orders of Rs 11.14 billion

KEC International, a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs 11.14 billion across its various businesses:Transmission & Distribution (T&D): The business has secured orders for T&D projects in Middle East and Americas:400 kV Transmission line in OmanSupply of towers, hardware and poles in AmericasCivil: The business has secured orders in the industrial segment in India.Railways: The business has secured an order for Metro Overhead Electrification (OHE) works in the technologically enabled segment in India.Cables: The business has secured o..

Next Story
Building Material

The Future of Concreting

Batching plants, ready-mix concrete (RMC) plants and boom pumps are the mainstay of concreting. Their efficiency impacts the concreting process. In recent years, this trio has seen advancements. But there is still plenty of scope for innovation. New features would help these machines work more efficiently and contribute to sustainable construction.Missing featuresConsider the increasing use of high-grade concrete in infrastructure and high-rise residential and commercial projects. This requires the use of high cementitious materials like fly ash, ground granulated blast-furnace slag (GGBS), mi..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000