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Karnataka Govt inks $350 m pact with World Bank for roads

PTI Bangalore | Updated on May 30, 2011 Published on May 30, 2011

The Karnataka Government today signed an agreement with the Centre and World Bank for securing $350 million loan assistance for implementing roads development under K-SHIP-II project.

The Chief Minister, Mr B.S. Yeddyurappa, in whose presence the agreement was signed, said the State would develop 3,411 km of State highways with the assistance of World Bank. Under K-SHIP-I, the State has upgraded 2,385 km of roads in the State, he said.

The agreement was signed by the Union Department of Economic Affairs Joint Secretary, Mr Venu Rajamony, and the State's Principal Secretary for Public Works Department, Mr Subhashchandra Kunita. Mr Hubert Nove-Josserand, the Operation Advisor to World Bank in India, was also present at the occasion.

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Published on May 30, 2011
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