India, ADB sign loan agreements to improve road and power sectors

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India, ADB sign loan agreements to improve road and power sectors By TII News Service Jun 17, 2011 , New Delhi
INDIA and ADB have signed a USD 300 mn loan agreement to improve transport sector in the State of Madhya Pradesh. In another agreement signed yesterday, ADB has committed a corpus of USD 132 mn for strengthening Bihar's power sector. In the case of MP, the loan will help upgrade about 1,000 km. of State highways in the eastern and west central parts of the State. As part of the loan package, ADB is additionally providing technical assistance/grant worth $1 million to support road safety and private sector participation in state highway development and maintenance. In the case of Bihar, the major portion of the ADB loan will be used to finance infrastructure such as transmission lines. The loan will be used to install new transmission lines and to renovate and modernize transmission and distribution facilities to improve the quality and reliability of the state's electricity supply network.

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