ADB, India sign $350 million loan to improve in Maharashtra
ECONOMY & POLICY

ADB, India sign $350 million loan to improve in Maharashtra

A $350 million loan agreement was struck today between the Asian Development Bank (ADB) and the Government of India to enhance connectivity between important economic hubs in the state of Maharashtra.

The Connecting Economic Clusters for Inclusive Growth in Maharashtra project was signed by Mr. Hoe Yun Jeong, Officer-in-Charge of ADB's India Resident Mission, who signed for ADB, and Shri Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs in the Ministry of Finance, who signed for the Government of India.

Shri Mishra said that through enhancing connection, facilitating access to services, and boosting inclusive economic growth of the state's underperforming districts, the initiative will assist resolve intra-regional inequities.

According to Mr. Jeong, "This project builds on ADB's ongoing support to upgrade state highways and significant district roads in Maharashtra." "It illustrates concepts and techniques that are not yet standard practise, including disaster risk reduction, climate change adaptation, and highway works projects responsive to the needs of women, children, the elderly, and people with disabilities."

In order to boost the state's primary road network in the ten districts of Ahmednagar, Hingoli, Jalna, Kohalpur, Nagur, Nanded, Nashik, Pune, Sangli, and Satara, at least 319 km of state highways and 149 km of district roads would be upgraded. This would lower transportation costs for small and medium-sized businesses, enhance access to health and social services, and boost agricultural value chains in rural regions that are underdeveloped.

The project would also build 5 km of significant district highways connecting Nanded and the neighbouring state of Telangana. In addition to establishing integrated service centres to offer fundamental sanitation, education, and other services, the initiative will promote gender equality and social inclusion in highway projects, schools, health, and social services. In order to create employment opportunities, skill development would be performed for businesses run by underprivileged women and other marginalised groups. The initiative will show how successfully the private sector can manage ongoing road maintenance for improved operational efficiency and life-cycle quality. It will also create a solid practise manual for disaster risk reduction and climate change adaptation in road design and upkeep.

A $350 million loan agreement was struck today between the Asian Development Bank (ADB) and the Government of India to enhance connectivity between important economic hubs in the state of Maharashtra. The Connecting Economic Clusters for Inclusive Growth in Maharashtra project was signed by Mr. Hoe Yun Jeong, Officer-in-Charge of ADB's India Resident Mission, who signed for ADB, and Shri Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs in the Ministry of Finance, who signed for the Government of India. Shri Mishra said that through enhancing connection, facilitating access to services, and boosting inclusive economic growth of the state's underperforming districts, the initiative will assist resolve intra-regional inequities. According to Mr. Jeong, This project builds on ADB's ongoing support to upgrade state highways and significant district roads in Maharashtra. It illustrates concepts and techniques that are not yet standard practise, including disaster risk reduction, climate change adaptation, and highway works projects responsive to the needs of women, children, the elderly, and people with disabilities. In order to boost the state's primary road network in the ten districts of Ahmednagar, Hingoli, Jalna, Kohalpur, Nagur, Nanded, Nashik, Pune, Sangli, and Satara, at least 319 km of state highways and 149 km of district roads would be upgraded. This would lower transportation costs for small and medium-sized businesses, enhance access to health and social services, and boost agricultural value chains in rural regions that are underdeveloped. The project would also build 5 km of significant district highways connecting Nanded and the neighbouring state of Telangana. In addition to establishing integrated service centres to offer fundamental sanitation, education, and other services, the initiative will promote gender equality and social inclusion in highway projects, schools, health, and social services. In order to create employment opportunities, skill development would be performed for businesses run by underprivileged women and other marginalised groups. The initiative will show how successfully the private sector can manage ongoing road maintenance for improved operational efficiency and life-cycle quality. It will also create a solid practise manual for disaster risk reduction and climate change adaptation in road design and upkeep.

Next Story
Infrastructure Urban

Coal Ministry Achieves Milestones under Special Campaign 5.0

The Ministry of Coal and its Public Sector Undertakings (PSUs) have achieved notable milestones under the Special Campaign 5.0, focusing on cleanliness, operational efficiency, and sustainability across the coal sector. During the implementation phase from 2–31 October 2025, over 1,205 sites were cleaned, covering 68,04,087 sq ft, nearing the target of 82,51,511 sq ft. Scrap disposal of 5,813 MT against a target of 8,678 MT generated Rs 228.7 million in revenue. In addition, 1,11,248 physical and 30,331 electronic files were reviewed, with 74,123 weeded out or closed. Key initiatives showc..

Next Story
Infrastructure Energy

Vesting Orders Issued for Three Coal Blocks under Commercial Auctions

The Ministry of Coal’s Nominated Authority has issued vesting orders for three coal blocks under commercial coal block auctions on 23 October 2025. The Coal Mine Development and Production Agreements (CMDPAs) for these mines were earlier signed on 21 August 2025. The three blocks include Rajgamar Dipside (Deavnara), Tangardihi North, and Mahuagarhi. Of these, two are partially explored while one is fully explored, with a combined peak rated capacity of around 1 MTPA and geological reserves of approximately 1,484.41 million tonnes. These mines are expected to generate annual revenue of abou..

Next Story
Infrastructure Urban

TEC, IIT-Hyderabad Partner to Boost 6G and Telecom Standards

The Telecommunication Engineering Centre (TEC), technical arm of the Department of Telecommunications (DoT), has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology Hyderabad (IIT Hyderabad) for joint research and technical collaboration in advanced telecom technologies and standardisation. The partnership focuses on developing India-specific standards and test frameworks for next-generation networks, including 6G, Artificial Intelligence (AI), and Non-Terrestrial Networks (NTNs). It also aims to enhance India’s participation in international standardisation f..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?