ADB okays Rs 29 bn loans for Maharashtra road projects

10 Nov 2022 CW Team

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.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..