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K.R. Srivats

New Delhi, Dec. 12

Asian Development Bank (ADB) expects transport projects to remain as the largest recipient of loan amounts in India during 2008-10, the period for which it has drawn a country operations business plan.

“Transport projects will remain the biggest recipient of loan amounts during 2008-10. It is one of the major sectors for us,” a visiting senior official from the Manila-based regional development bank said at a meeting organised jointly by ADB, FIEO and Exim Bank here.

As per ADB’s country operations business plan (COBP) for India during 2008-10, transport projects would account for 36 per cent, energy projects 26 per cent, urban sector (including tourism) 16 per cent, governance and finance related projects for 11 per cent.

A total of 31 firm loans have been programmed over the next three years – 10 loans in 2008, 10 loans in 2009 and 11 loans in 2010.

The three-year lending programme amounts to $2.9 billion in 2008, $3.1 billion in 2009 and $3.2 billion in 2010 or an average of $3 billion over the next three years.

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