GoI and World Bank Signed USD 500 Million Agreement for Construction of GNHCP

Current Context: On 1st August 2024, The Government of India and the World Bank have recently signed a $500 million agreement to construct the Green National Highway Corridors Project (GNHCP).

• This ambitious project spans 781 kilometers across the states of Himachal Pradesh, Rajasthan, Uttar Pradesh, and Andhra Pradesh.
• The total project cost is estimated at $1.29 billion (Rs. 7,662.47 crore).
• Scheduled for completion by May 2026, the GNHCP aims to provide smooth, all-weather motorable roads, enhancing connectivity and socio-economic development in the region.
• By improving access to inner regions of the country, the project aims to boost trade, employment opportunities, and inclusive growth, integrating remote areas with mainstream regions.

Question:

1 Which organization has partnered with the Government of India for the Green National Highway Corridors Project (GNHCP)?

• A) International Monetary Fund
• B) Asian Development Bank
• C) United Nations
• D) World Bank

Answer: D) On 1st August 2024, The Government of India and the World Bank have recently signed a $500 million agreement to construct the Green National Highway Corridors Project (GNHCP).