India inks $300 mn pact with ADB to boost rural economy in Maharashtra
ROADS & HIGHWAYS

India inks $300 mn pact with ADB to boost rural economy in Maharashtra

Asian Development Bank (ADB) and the Indian government have entered a $300 million loan to help expand rural connectivity and boost the rural economy in Maharashtra.

Additional funding for the Maharashtra Rural Connectivity Improvement Project will help improve 1,100 rural roads and 230 bridges in 34 districts, totalling 2,900 km.

The project approved in August 2019, with a $200 million funding package, is already improving and maintaining the condition and safety of 2,100 km of rural roads across Maharashtra.

Rajat Kumar Mishra, Additional Secretary of Department of Economic Affairs, Ministry of Finance, signed for the Indian government, and Takeo Konishi, Country Director of ADB India Resident Mission, signed for the Asian Development Bank.

Following the signing of the loan agreement, Mishra told the media that the additional funding will improve the condition and safety of 5,000 km of rural roads and over 200 bridges connecting rural communities to productive agricultural areas and socioeconomic centres in Maharashtra.

During the construction and maintenance phases, the new project is expected to generate about 3.1 million person-days of employment for local communities, with at least 25% of those being women.

A gender action plan has been developed to focus on building the capacity of female workers so that they can take advantage of semi-skilled and unskilled labour opportunities.

This additional funding will be used to repair and rebuild roads and bridges in Maharashtra that were damaged by the devastating floods of August 2019.

The design includes flood and climate resilience measures, as well as pilot testing the use of environmentally friendly materials on selected road segments, using mobile mapping technology to monitor project roads, and incorporating new technologies like fibre-reinforced concrete and precast concrete arch bridges.

Image Source


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

Asian Development Bank (ADB) and the Indian government have entered a $300 million loan to help expand rural connectivity and boost the rural economy in Maharashtra. Additional funding for the Maharashtra Rural Connectivity Improvement Project will help improve 1,100 rural roads and 230 bridges in 34 districts, totalling 2,900 km. The project approved in August 2019, with a $200 million funding package, is already improving and maintaining the condition and safety of 2,100 km of rural roads across Maharashtra. Rajat Kumar Mishra, Additional Secretary of Department of Economic Affairs, Ministry of Finance, signed for the Indian government, and Takeo Konishi, Country Director of ADB India Resident Mission, signed for the Asian Development Bank. Following the signing of the loan agreement, Mishra told the media that the additional funding will improve the condition and safety of 5,000 km of rural roads and over 200 bridges connecting rural communities to productive agricultural areas and socioeconomic centres in Maharashtra. During the construction and maintenance phases, the new project is expected to generate about 3.1 million person-days of employment for local communities, with at least 25% of those being women. A gender action plan has been developed to focus on building the capacity of female workers so that they can take advantage of semi-skilled and unskilled labour opportunities. This additional funding will be used to repair and rebuild roads and bridges in Maharashtra that were damaged by the devastating floods of August 2019. The design includes flood and climate resilience measures, as well as pilot testing the use of environmentally friendly materials on selected road segments, using mobile mapping technology to monitor project roads, and incorporating new technologies like fibre-reinforced concrete and precast concrete arch bridges. Image Source Also read: ADB nods $300 mn additional loan for Maharashtra’s rural roads

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement