Further funds to support Indian roads

December 17, 2013

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Written by Helen Wright – 16 Dec 2013

World Bank

The World Bank has approved a US$ 175 million loan to improve connectivity in the state of Gujarat.

The funds will go towards the Second Gujarat State Highway Project, which aims to improve 635 km of the road network passing through 16 districts within the state, particularly the underdeveloped eastern tribal region.

“This project will build on our long engagement in the road sector in India by connecting small and remote habitations in the lagging tribal regions of east Gujarat to the mainstream,” said Onno Ruhl, World Bank country director for India.

The latest funds come after a string of World Bank loans supporting the development of India’s roads this year, including US$ 660 million awarded in October towards India’s National Highways Interconnectivity Improvement Project and the Rajasthan Road Sector Modernisation Project.

In March, the World Bank said it planned to continue its level of annual assistance of between US$ 3 billion to US$ 5 billion a year to India over the next four years with the aim of boosting development in low-income states.

Source-http://www.khl.com