The Asian Development Bank (ADB) would provide $300 million loan to the Chhattisgarh Government for overhauling over 900 km of roads by 2017.
The project would include works such as expanding roads for two-laning, building new sections, construction and strengthening of culverts and bridges, ADB said in a statement on Tuesday.
“The project supports Chhattisgarh’s priority investment programme to improve more than 8,800 km of state roads. Once the project is completed in December 2017, ADB will have financed upgrades to nearly 2,200 km of the network.”
The Chhattisgarh Government would also provide more than $128 million, for a total project investment cost of $428.1 million.
“More than 40 per cent of Chhattisgarh’s 21 million residents live below the poverty line. Low quality roads are undermining the benefits of the state’s rich mineral and coal deposits, holding back new economic opportunities and access to social amenities, especially for minority groups,” ADB Director General for South Asia Development, Juan Miranda, said.