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ADB, India sign $177 million loan for state road improvements in Maharashtra

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ADB India Funds for road developments

ADB, India sign $177 million loans for state road improvements in Maharashtra

The Asian Development Bank (ADB) and the Government of India today signed a $177 million loan to upgrade 450 kilometres (km) of state highways and major district roads in the state of Maharashtra.

The signatories to the Maharashtra State Road Improvement Project were Shri Sameer Kumar Khare, Additional Secretary (Fund Bank and ADB), Department of Economic Affairs in the Ministry of Finance who signed for the Government of India, and Mr Kenichi Yokoyama, Country Director of ADB’s India Resident Mission who signed for ADB.

After signing the loan agreement, Shri Khare said that the project will improve connectivity between rural areas and urban centres in the state enabling rural communities to better access markets, employment opportunities and services. Improved mobility will expand development and livelihood opportunities outside of the state’s major urban centres to second-tier cities and towns thus reducing income disparities.

Mr Yokoyama said that the project will also strengthen road safety measures by developing a road safety audit framework that will protect vulnerable groups such as the elderly, women, and children, following the international best practice. Giving more details, Mr Yokoyama said that another feature of the project is to update the road maintenance system by encouraging 5-year performance-based maintenance obligations to contractors to sustain asset quality and service levels.

Overall the project will upgrade 2 major district roads and 11 state highways, with a combined length of 450 km, to 2-lane standard across seven districts of Maharashtra, and improve connectivity to national highways, interstate roads, seaports, airports, rail hubs, district headquarters, industrial areas, enterprise clusters and agricultural areas.

The project will also focus on training the Maharashtra Public Works Department project staff to build their capacity in climate change adaptation and disaster-resilient features in road design, road maintenance planning and road safety.

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.

Source: India Ministry of Finance – Press Release.

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India helps Afghanistan by giving Hydroxychloroquine, Afghan Defence Minister says Thank you India!

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Ambassador of India, Mr. Vinay Kumar meet the Afghanistan Defence Minister Asadullah Khalid with a delegation to support during this terrible time of COVID19 pandemic. 

India is helping other counties by providing Hydroxychloroquine tablets. As per research, this Hydroxychloroquine medicine helps in cure of Coronavirus infected patient and the biggest thing, India is the largest producer of this medicine in the world.
Recently, America President Mr. Donald Trump has demanded India to export Hydroxychloroquine to USA. Coronavirus is spreading rapidly in America therefore Trump called India PM Narendra Modi to consider this generic drug export request. Modi considered the situation and allowed export to America after ensuring county’s own need.

India is helping Afghanistan as well by sending this generic drug Hydroxychloroquine and paracetamol tablets. For this, Afghanistan Defence minister appreciated and thanks India on behalf of Afghan people and said “You delivered 1/2 to Ambassador Vinay Kumar. 

Asadullah Khalid says thank you to India – Watch video 

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