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