Maharashtra Government and Asian Development Bank Sign $200 Million Loan Pact for Road Projects
Road construction representative image. (Photo Credit: PTI)

New Delhi, September 9: The Asian Development Bank (ADB) and the government here on Monday signed a $200 million loan pact for upgrade of rural thoroughfares to all-weather roads in 34 districts of Maharashtra, improve road safety and better connectivity with markets and services. Maharashtra Government Increases Monthly Remuneration for Freedom Fighters.

The agreement was signed by Sameer Kumar Khare, Additional Secretary (Fund Bank and ADB), Department of Economic Affairs in the Ministry of Finance, and Sabyasachi Mitra, Deputy Country Director of ADB's India Resident Mission.

"The Maharashtra Rural Connectivity Improvement Project will help better condition of about 2,100 km rural roads to all-weather roads with climate resilience and safety features, connecting rural communities with agricultural areas and socioeconomic centres," said Mitra.

"Provision of contractual maintenance for five years has also been provided under the project," he said. "The enhanced road connectivity and better access to markets will help farmers increase farm productivity and incomes," Khare said.

A $1 million technical assistance has also been provided for strengthening of the Maharashtra Rural Road Development Association (MRRDA) in areas like road asset management, road safety, climate-resilient design and construction, and web-based real-time project monitoring.