Xinhua, New Delhi :
The Asian Development Bank (ADB) and the government of India on Friday signed a loan of 490 million U.S. dollars for a public-private partnership (PPP) project to upgrade about 1,600 km of roads in the central state of Madhya Pradesh.
An additional 286 million U.S. dollars investment will be mobilized through private sector participation under the PPP modality, said an official statement issued by the country’s Ministry of Finance.
The loan agreement was signed between senior official at the Ministry of Finance Sameer Kumar Khare and ADB’s Country Director Kenichi Yokoyama in New Delhi.
Speaking on the occasion, Khare said that the upgradation of roads in the state would improve rural and urban connectivity, and also improve access to markets and better services.
The Asian Development Bank (ADB) and the government of India on Friday signed a loan of 490 million U.S. dollars for a public-private partnership (PPP) project to upgrade about 1,600 km of roads in the central state of Madhya Pradesh.
An additional 286 million U.S. dollars investment will be mobilized through private sector participation under the PPP modality, said an official statement issued by the country’s Ministry of Finance.
The loan agreement was signed between senior official at the Ministry of Finance Sameer Kumar Khare and ADB’s Country Director Kenichi Yokoyama in New Delhi.
Speaking on the occasion, Khare said that the upgradation of roads in the state would improve rural and urban connectivity, and also improve access to markets and better services.
