ADB nods $300 mn additional loan for Maharashtra’s rural roads

09 Aug 2021 CW Team

The Asian Development Bank (ADB) has approved an additional loan of $300 million for the ongoing Maharashtra Rural Connectivity Improvement Project, which is upgrading rural roads and joining remote areas with markets in Maharashtra.

The ongoing project to develop and maintain the safety and condition of 2,100 km of Maharashtra's rural roads was approved in August 2019.

The Multilateral funding agency said that the additional loan will enhance 1,100 rural roads and 230 bridges for 2,900 km of total length in 34 districts.

ADB Senior Rural Development Specialist for South Asia Masahiro Nishimura told the media that the additional financing aims to help expedite Maharashtra's economic recovery from Covid-19 devastation by creating rural employment and transforming agriculture.

The Maharashtra overnment plans to improve the average growth rate of agriculture and allied activities to more than 5% per year by 2030. The project will also provide last-mile connectivity to a large number of small villages, improving access to health and education amenities and hugely serving the poor and vulnerable population by improving agriculture productivity, it added.

The bank said the state government, acting through Maharashtra Rural Road Development Association as the executing agency, has developed a gender action plan, which concentrates on the capacity development of women workers.

In August 2019, the latest financing will rebuild and rehabilitate roads and bridges in Maharashtra destroyed by the devastating floods, it said. ADB further added that the plan includes climate and flood resilience measures, pilot test the use of environment-friendly materials on selected road segments, and utilise new technologies.

Image Source

Also read: Govt approves over Rs 600 cr to build roads and bridges in Uttarakhand

Infrastructure Energy

17 Sep 2025

Vikram Solar Secures 200 MW Order From AB Energia

Vikram Solar added 1.44 per cent to Rs 362.45 after announcing a significant order win of 200 MW high-efficiency solar modules from AB Energia, a specialist in end-to-end EPC solutions for commercial and industrial (C&I) solar projects.The modules, rated at 590 Wp and above, will be deployed across Maharashtra, Madhya Pradesh, and Gujarat. Deliveries are scheduled to begin in September 2025 and continue into early 2026.Gyanesh Chaudhary, chairman and managing director of Vikram Solar, stated, “We are proud to continue our collaboration with partners who share our vision for accelerating ..

India Pushes Green Hydrogen Innovation to Lead Global Market

India’s drive towards achieving Net Zero by 2070 has gained fresh momentum as Union Minister of State for New and Renewable Energy, Shripad Yesso Naik, called on scientists, startups, researchers, and industry leaders to position India as a global hub for green hydrogen innovation.He was speaking at the valedictory session of the first Green Hydrogen R&D Conference, organised under the National Green Hydrogen Mission by the Ministry of New and Renewable Energy (MNRE). The two-day event brought together experts to chart India’s course towards a clean, secure, and self-reliant energy fut..

NARCL Sells Rs 37.63 Billion of Wind World Debt to Omkara ARC

The National Asset Reconstruction Company Limited (NARCL) has successfully sold Rs 37.63 billion of Wind World’s outstanding debt, marking a significant step in managing stressed assets within India’s renewable energy sector. The transaction forms part of wider efforts to resolve non-performing loans and bolster financial stability in the industry.Omkara ARC emerged as the anchor bidder in the deal, demonstrating strong investor interest in renewable energy debt. Anchor bidders play a vital role in ensuring successful debt resolution and attracting participation from other investors in suc..