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ADB Approves USD 175 Million Loan to Upgrade Roads in Madhya Pradesh

Published on October 25, 2023
Current Context: The Asian Development Bank (ADB) has approved a USD 175 million loan to improve road connectivity and climate resilience in Madhya Pradesh, India.
ADB Approves USD 175 Million Loan to Upgrade Roads in Madhya Pradesh
  • The project aims to upgrade approximately 500 kilometers of state highways and major district roads to a two-lane design, incorporating climate- and disaster-resilient features.
  • ADB will also enhance the Madhya Pradesh Road Development Corporation Limited (MPRDC) in terms of climate change adaptation, disaster resilience, and road safety.
  • The project will promote gender equality and social inclusion by establishing an internship program for female students and collaborating with women’s self-help groups.
  • This project will connect rural areas to growth centers and industrial corridors and establish roads that are better, safer, and more climate-resilient to ensure Madhya Pradesh’s inclusive, equitable, and sustainable economic growth.
  • The project will upgrade about 500 kilometers of state highways and major district roads to a standard two-lane feature.

Question:

Q.1 Who approved the USD 175 million loan for road upgrades in Madhya Pradesh?
a. World Bank
b. Asian Development Bank
c. International Monetary Fund
d. Reserve Bank Of India
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