ADB agrees $177m loan for Maharashtra State road project
The Asian Development Bank has approved a $177 million loan to India to upgrade 450km of state highways and major district roads in Maharashtra State.
The project will improve about 25km of major district roads and expand 425km of state roads to the two-lane standard. Improvements will incorporate road safety elements, environmental sustainability, climate change adaptation features, and measures to enhance social inclusion and safeguards.
The roads to be upgraded link agricultural and industrial areas, and are critical to improving access to markets, employment opportunities, and services. The project will also finance the development of a road maintenance planning system and build the capacity of the Maharashtra Public Works Department.
The Government of Maharashtra will contribute $78.99 million equivalent toward the $255.99 million total cost of the project.
