ADB okays Rs 29 bn loans for Maharashtra road projects
ROADS & HIGHWAYS

ADB okays Rs 29 bn loans for Maharashtra road projects

The Asian Development Bank (ADB) has approved loans amounting to about Rs 29 billion to improve the road connectivity of key economic areas in Maharashtra. The loans will enable the state to link economic clusters, ensuring inclusive growth in the state’s core road network in Ahmednagar, Hingoli, Jalna, Kohalpur, Nagpur, Nanded, Nashik, Pune, Sangli and Satara.

The funds will also help connect underdeveloped rural communities with off-farm opportunities and markets, improve access to health and social services and agricultural value chains by reducing transport costs for small and medium-sized enterprises.

It will build on the Maharashtra State Road Improvement Project approved by ADB in April 2020 to upgrade at least 319 kms of state highways and 149 km of district roads, incorporating climate and disaster-resilient features. It will also construct major district roads connecting Nanded and Telangana.

The project will promote gender equality and social inclusion in highway programmes, schools, health, and social services, and set up integrated service centres to provide sanitation, education, and other services.

See also:
Maharashtra to develop Pune-Nashik expressway
Tenders floated to prepare Chennai’s Outer Ring Road


The Asian Development Bank (ADB) has approved loans amounting to about Rs 29 billion to improve the road connectivity of key economic areas in Maharashtra. The loans will enable the state to link economic clusters, ensuring inclusive growth in the state’s core road network in Ahmednagar, Hingoli, Jalna, Kohalpur, Nagpur, Nanded, Nashik, Pune, Sangli and Satara. The funds will also help connect underdeveloped rural communities with off-farm opportunities and markets, improve access to health and social services and agricultural value chains by reducing transport costs for small and medium-sized enterprises. It will build on the Maharashtra State Road Improvement Project approved by ADB in April 2020 to upgrade at least 319 kms of state highways and 149 km of district roads, incorporating climate and disaster-resilient features. It will also construct major district roads connecting Nanded and Telangana. The project will promote gender equality and social inclusion in highway programmes, schools, health, and social services, and set up integrated service centres to provide sanitation, education, and other services. See also: Maharashtra to develop Pune-Nashik expressway Tenders floated to prepare Chennai’s Outer Ring Road

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?