+
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 Transport

Aizawl Gets Rail Link After 25 Years in the Making

Mizoram’s capital, Aizawl, has been formally connected to the Indian Railway network with the commissioning of the 51.38-kilometre Bairabi–Sairang railway line, marking a landmark moment in the state’s integration with national infrastructure. First conceptualised in 1999, the project has now materialised into a strategic corridor set to enhance transport and economic opportunities in the region.During a recent meeting in New Delhi, Mizoram Chief Minister Lalduhoma received an assurance from Prime Minister Narendra Modi that he would inaugurate the Bairabi–Sairang rail line and Sairang..

Next Story
Infrastructure Transport

Titagarh Gets 40 Acres for Metro and Vande Bharat Unit

The West Bengal Cabinet has approved the transfer of approximately 40 acres of land in Uttarpara to Titagarh Rail Systems, which plans to utilise the site for manufacturing and commissioning metro coaches and Vande Bharat trains. The land was part of a larger 395-acre plot previously owned by Hindustan Motors, a C.K. Birla Group company.The state government initiated legal proceedings nearly three years ago to reclaim the land from Hindustan Motors, which had been lying unused since the automaker ceased operations at its Uttarpara plant in 2014. The decision to transfer the 40-acre parcel was ..

Next Story
Infrastructure Transport

RailTel Wins Rs 2.6 Billion Order for Kavach Safety System

State-owned RailTel Corporation of India Ltd announced on Monday, 14 July, that it has secured a work order worth Rs 2.64 billion (including tax) from East Central Railway for the implementation of the Kavach system—India’s indigenous Train Collision Avoidance System (TCAS). The project involves deploying Kavach over 607 route kilometres of low-density railway track within East Central Railway's jurisdiction. Completion is targeted for 14 July 2027.In a separate development last week, RailTel received another government contract valued at Rs 174.7 million from the General Administration De..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?