Road Infrastructure

ADB Sanctioned $177 Million Loan To Maharashtra For Road Infra Development

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. The Govt. of India and ADB signed a $177 million loan to upgrade 450 kilometers (km) of state highways and major district roads in the state of Maharashtra.