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Current Affairs

ADB and GOI Signs Loan Agreement to Improve Roads in Maharashtra

Current Context: Government of India has signed a loan agreement with Asian Development Bank to improve 11 state highways and 2 district roads in Maharashtra.
 ADB and GOI Signs Loan Agreement to Improve Roads in Maharashtra
  • A loan agreement of USD 177 million has been signed.
  • The project will improve connectivity to national highways, agricultural areas will connect rural and urban areas
  • The loan amount will be also used to provide training to staff of Maharashtra Public Works Department so that they can construct roads and infrastructure in state by following climate change standards in order to retain environment and will adapt to disaster relief features
  • Static Part: 
    • HQ of ADB: Manila, Philippine
    • President of ADB: Masatsugu Asakawa
    • CM of Maharashtra: ‎Uddhav Thackeray‎
    • Governor of Maharashtra: Bhagat Singh Koshyari
    • National Parks and Wild Life Sanctuaries in Maharashtra: Tadoba Andhari Tiger Reserve, Sanjay Gandhi National Park, Chandoli National Park, Gugamal National Park, Navegaon National Park, Bhimashankar Wildlife Sanctuary, Bhamragarh Wildlife Sanctuary, Malvan Marine Sanctuary, Karnala Bird Sanctuary

Question: 

Q: With whom GOI has signed a loan agreement to improve highways and roads in Maharashtra?
a. UNDP
b. World Bank
c. Asian Development Bank
d. Asian Infrastructure Bank
ADB and GOI Signs Loan Agreement to Improve Roads in Maharashtra ADB and GOI Signs Loan Agreement to Improve Roads in Maharashtra Reviewed by Shweta Kashyap on May 29, 2020 Rating: 5

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