Indian State of Rajasthan sees highway development

India’s Rajasthan State is benefiting from new financing for its Highways Investment Programme. A loan facility will pay for highway development work in the state. Approval has been given from the Asian Development Bank (ADB).
July 7, 2017 Read time: 1 min
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India’s Rajasthan State is benefiting from new financing for its Highways Investment Programme. A loan facility will pay for highway development work in the state. Approval has been given from the 943 Asian Development Bank (ADB). Earlier this year the ADB approved a loan of US$220 million for a 22 year period with the Indian Government. In all the work will cost $1.42 billion. The Indian Government will invest $465 million for the programme, while other sources will provide $450 million. In all the plan will see 2,000km of state highways and major roads in Rajasthan being upgraded.

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