- The construction of the roads will take place under the Maharashtra State Road Improvement Project (MSRIP), which was approved by the ADB in 2020.
- The objective of the project is to connect underdeveloped rural communities with off-farm opportunities along with improving their access to health services.
- A total of around 319 kilometers of state highways and 149 kilometers of district roads will be upgraded under the project.
- These roads will be incorporated with climate and disaster-resilient features.
- In addition to this, a 5-kilometer major district road will also be constructed that will join Nanded (a district in Maharashtra bordering Telangana) and Telangana.
- The ADB was established in 1966 as a regional development bank with its headquarters in Mandaluyong, Philippines. The current President of the ADB is Masatsugu Asakawa.
Question:
Q.1 Which of the following recently approved a USD 350 million loans for the improvement of road connectivity in Maharashtra?a. World Bank
b. Asian Development Bank
c. New Development Bank
d. IMF
