Maha Shivratri Offer- Use Code SHIVRATRI24

Register Now

India and NDB Signed Loan Agreement to Upgrade Highways in Andhra Pradesh

Published on January 09, 2021
Current Context: The GOI, Government of Andhra Pradesh has entered into a loan agreement with New Development Bank (NDB) to upgrade highway networks in Andhra Pradesh. The loan
India and NDB Signed Loan Agreement to Upgrade Highways in Andhra Pradesh
agreement is basically signed to fund two major projects of the state. 
  • The total loan agreement signed between the entities is of USD 646 million. Each project costs USD 323 million. 
  • The main moto of the projects is to improve transport efficiency, road safety, mobility and offer connectivity to socioeconomic centres. 
  • Project (1) Andhra Pradesh Roads and Bridge Reconstruction: This project includes widening of 1600 km of highways of the state. This will offer a double lane structure to the highways. The project also includes reconstructing of dilapidated bridges. 
  • Project (2) Andhra Pradesh Mandal Connectivity and Rural Connectivity Improvement: This project includes widening 1,400 km of district roads to have the double lane facility and to reconstruct dilapidated bridges of district roads.
  • Static Part: 
    • Dams in Andhra Pradesh: Srisailam Dam(Krishna River), Dummaguden Dam (river Godavari), Somasila Dam (Penna River), Prakasam Barrage (Krishna River)
    • HQ of NDB: Shanghai, China

Question: 

Q.1 With whom GOI signed a loan agreement of USD 646 million to improve the highways and reconstruct dilapidated bridges of Andhra Pradesh?
a. New Development Bank
b. Asian Development Bank
c. Asian Infrastructure Investment Bank
d. World Bank

Can I help you?

ramandeep singh

Hey I am Ramandeep Singh. I am determined to help students preparing for RBI, SEBI, NABARD and IBPS exams. Do you want me to help you ?

Join my class here
    Follow me:
Close Menu
Close Menu