World Bank-Kerala state sign US$215.1mn loan to finance second phase KSTP

The World Bank and the Indian state of Kerala's Department of Economic Affairs have signed a loan agreement worth US$215.1 million (INR 11.66bn) to finance the second phase of the Kerala State Transport Project (KSTP). In its 2013/2014 budget, Kerala allocated $51.65 million (INR 2.8bn) for the implementation of the second phase of KSTP. In the second phase, about $443.3 million (INR 24.03bn) will be spent to develop 367km of state highways spread over eight corridors built to international standards.
March 19, 2013 Read time: 1 min
The 2332 World Bank and the Indian state of Kerala's Department of Economic Affairs have signed a loan agreement worth US$215.1 million (INR 11.66bn) to finance the second phase of the Kerala State Transport Project (KSTP). In its 2013/2014 budget, Kerala allocated $51.65 million (INR 2.8bn) for the implementation of the second phase of KSTP. In the second phase, about $443.3 million (INR 24.03bn) will be spent to develop 367km of state highways spread over eight corridors built to international standards.

For more information on companies in this article

Related Content

  • Highway work planned for Serbia
    August 10, 2012
    A series of major highway construction and road repair projects is planned for Serbia. The World Bank (WB), the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) have all been in talks with the Serbian Government concerning funding for the work. Funding worth €408.46 million has been approved by the three banks for programme of highway construction and road repairs.
    Read More
  • Ethiopia races on with projects
    June 13, 2012
    Ethiopia is pursuing a 10-year $2.4 billion development plan, part of which are ambitious road developments. Shem Oirere reports Ethiopia is hastening its pace towards accessing a share of the East Africa commodity market and opening itself up for foreign investment through the implementation of an ambitious road development strategy, the Road Sector Development Programme (RSDP). The landlocked nation has convinced a number of international lenders of the viability of RSDP, with some of them now loosening
    Read More
  • Bulgaria plans for operating road infrastructure
    February 21, 2012
    There is a lot of work to do on Bulgarian roads, but the government has plans to increase the length of highways built each year as Krasimir Krastanov reports. Bulgarian roads with a pavement make up 98.4% of all the country's roads, while 92.5% of them have an asphalt surface and 82.8% of them are able to carry 10tonnes/axle.
    Read More
  • Guatemala seeks US$920mn of international loans for fast motorways
    December 16, 2013
    Guatemala’s Ministry of Communications, Infrastructure and Housing is seeking international loans of US$920 million to transform three national road sections into fast motorways. The loans could be obtained at some stage in 2014. One negotiated with the Central American Bank for Economic Integration (CABEI), of $280 million for the widening of CA-2 Oriente motorway to a four-lane motorway, is reportedly at its final stage. The bank has given its approval already and it is only the Monetary Council that has
    Read More

Highlighted Content