News
27 October 2020
IBRD approves 300km road improvement project in Meghalaya
In:
Social infrastructure
Region:
Asia-Pacific
The World Bank has approved a $120 million project to improve and modernize the transport sector of Meghalaya, a hill state located in the north east of India.
The Meghalaya Integrated Transport Project will improve about 300km of strategic road segments and stand-alone bridges by using innovative, climate resilient, and nature-based solutions. The segments will serve major agriculture areas, important tourist destinations, small-scale industries, major towns and underserved populations by linking them to markets, health and education centres, and national and international corridors.
The $120 million loan from the International Bank for Reconstruction and Development, has a maturity of 14 years including a grace period of six years.
