Left Menu
Development News Edition

ADB and India sign $200M loan to upgrade rural roads in Maharashtra

“Improving rural connectivity is one of the key priorities of the Government of India, which will help enhance rural livelihoods and alleviate poverty among remote rural communities in project districts,” said Mr. Khare after signing the loan agreement.

Devdiscourse News Desk | New Delhi | Updated: 09-09-2019 15:28 IST | Created: 09-09-2019 15:28 IST
ADB and India sign $200M loan to upgrade rural roads in Maharashtra
Maharashtra has an extensive road network, with rural roads making up two-thirds of the network. But more than half of these rural roads are unsealed, making them unsuitable for motorized traffic and impassable during the rainy season. Image Credit: Pixabay

The Asian Development Bank (ADB) and the Government of India today signed a $200 million loan to upgrade rural roads to all-weather standards in 34 districts of Maharashtra State to improve road safety and better connect rural areas with markets and services.

The signatories to the loan agreement for the Maharashtra Rural Connectivity Improvement Project were Mr. Sameer Kumar Khare, Additional Secretary (Fund Bank and ADB), Department of Economic Affairs in the Ministry of Finance, on behalf of the Government of India, and Mr. Sabyasachi Mitra, Deputy Country Director of ADB's India Resident Mission, who signed for ADB. The project agreement was signed by Mr. Walter D'mello, Under Secretary, Finance Department and Mr. Pravin Kide, Secretary, Mukhya Mantri Gram Sadak Yojana and chief executive officer (CEO), Maharashtra Rural Road Development Association (MRRDA).

"Improving rural connectivity is one of the key priorities of the Government of India, which will help enhance rural livelihoods and alleviate poverty among remote rural communities in project districts," said Mr. Khare after signing the loan agreement. "Enhanced road connectivity and better access to markets will help the farmers increase agricultural productivity and incomes," he said.

"The project will improve the condition of about 2,100 kilometers (km) of rural roads to all-weather standards, with climate resilience and safety features, connecting rural communities with productive agricultural areas and socioeconomic centers," said Mr. Mitra. "Provision of contractual maintenance for 5 years following construction has also been provided under the project," he said.

Maharashtra has an extensive road network, with rural roads making up two-thirds of the network. But more than half of these rural roads are unsealed, making them unsuitable for motorized traffic and impassable during the rainy season. Road safety has been a growing concern with the state accounting for over 8% of all fatal road accidents in India.

Accompanying the loan is a technical assistance grant of $1 million for institutional strengthening of the MRRDA in areas such as road asset management, road safety, climate-resilient design and construction, and web-based real-time project monitoring. Outreach for road users will be carried out in the state to build awareness of road safety, gender issues including human trafficking, and enhancing women's road construction and maintenance skills.

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. In 2018, it made commitments of new loans and grants amounting to $21.6 billion.

(With Inputs from PIB)


TRENDING

OPINION / BLOG / INTERVIEW

5G will be the key driving force for COVID-19 recovery: Here's how?

... ...

Canada’s COVID-19 pitfalls highlight need for integrated health information system

In the globalized world of today where outbreaks can spread far and wide within a matter of days, a global-level integrated health information system is ideal but Canadas provincial barriers show that the country lags much behind in deployi...

Pandemic must be impetus, not obstacle, for clean water access

To make matters worse, there are suspicions that the inadequacy of wastewater treatment methods in California, the rest of the USA, and indeed around the world may help to propagate the disease even more widely. ...

3D printing and the future of manufacturing post COVID-19

The on-demand, customizable, and localized manufacturing of product components facilitated by 3D printing has the potential to redefine manufacturing but there are certain technical, mechanical, and legal limitations that, unless ...

Videos

Latest News

Orioles breeze to win in completion of suspended game

The Baltimore Orioles completed their suspended game with the Washington Nationals without too much trouble, cruising to their sixth straight victory with a 6-2 win on Friday. This means the Orioles swept that series also, giving them two s...

ANALYSIS-In lawsuit, 'Fortnite' maker to test idea of iPhone as market unto itself

Fortnite maker Epic Games has launched the most significant effort yet to advance the legal theory that Apples iPhone ecosystem has become so sticky that it is a distinct software market over which Apple exercises monopoly power.On Thursday...

Rugby league-NRL rallies after claims Penrith's Naden racially abused

Australias National Rugby League and its players have rallied behind Penriths Brent Naden after he was allegedly subjected to racial abuse in his sides victory over the New Zealand Warriors on Friday. Police ejected eight spectators from th...

Nationals 2B Castro breaks wrist; Garcia debuts

Fridays resumption of a game suspended last Sunday brought the Washington Nationals a pair of losses. First came the 6-2 defeat to the Baltimore Orioles after the teams played the games final four innings, five days after they played the fi...

Give Feedback