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Indian Polity

Finance Minister Arun Jaitley with Takehiko Nakao, President, Asian Development Bank in a meeting at North Block in New Delhi. File Photo. PTI  

The Asian Development Bank (ADB) and the Government of India on Monday signed a $220 million loan agreement meant to improve connectivity, transport efficiency, and safety on the State highways of Rajasthan.

“The loan is the first tranche of the $500 million Rajasthan State Highways Investment Program, approved by ADB Board in May this year, that will upgrade about 2,000 km of State highways and major district roads to two-lane or intermediate-lane standards to meet road safety requirements,” the government said in a release.

“The first tranche loan will improve about 1,000 km of State highways and major district roads,” the release added.

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