TODAY -
Northeast to see better road connectivity through ADB loan
Nagaland Post | Agencies | New Delhi, Jul 11 ()
Asian Development Bank (ADB) and government of India have signed a $74.8 million loan to improve connectivity with the North eastern region. The loan constitutes the first tranche of the North Eastern State Roads Investment Program, a $200 million multi-tranche finance facility (MFF), expected to be executed in two tranches. Under the facility, a total of 433.7 km roads would be improved/upgraded/ constructed in six states- Assam, Manipur, Meghalaya, Mizoram, Sikkim and Tripura.
This will be ADB’s first Transport sector project in NE region to develop and implement road investments that follow widely-recognized best practices in engineering design, pre-construction activities and project management.
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* This Post is uploaded on July 12, 2012
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