India rural road upgrade in Madhya Pradesh State

India’s Madhya Pradesh State is planning to improve connectivity to rural areas with a plan to improve rural roads. Funding for the work is being provided through a loan sourced from the Chinese Asian Infrastructure Investment Bank (AIIB). The loan is worth some US$140 million and will help pay for surfacing work to existing gravel roads and dirt roads. In addition, a road safety programme will be instituted across the state, using a portion of the loan.
April 19, 2018 Read time: 1 min
India’s Madhya Pradesh State is planning to improve connectivity to rural areas with a plan to improve rural roads. Funding for the work is being provided through a loan sourced from the Chinese Asian Infrastructure Investment Bank (AIIB). The loan is worth some US$140 million and will help pay for surfacing work to existing gravel roads and dirt roads. In addition, a road safety programme will be instituted across the state, using a portion of the loan.
Finance & Funding

Related Content

  • Albanian road investment
    May 15, 2012
    The European Bank for Reconstruction and Development (EBRD) is providing major funding in Albania’s road network. A loan worth €53 million will help pay for the construction of the new Fier and Vlore bypasses. This loan will aid further development of the Albanian road network and boosting economic integration in the country by co-financing the construction of the two bypass roads, located in south-western Albania. The EBRD loan is structured in two tranches and will be used by the Albanian Road Authority t
    Read More
  • Road upgrades planned for Mindanao in Philippines
    February 1, 2018
    A series of road upgrades is planned for Mindanao in the Philippines. A loan worth US$380 million from the Asian Development Bank (ADB) will help pay for the works. In all, the programme of road upgrades will cost $498 million however. Eight roads in Zamboanga Peninsula totalling 277km will be upgraded along with three bridges in Tawi-Tawi Province that will be improved.
    Read More
  • Chinese investment
    February 6, 2012
    China's Ministry for Transport reveals that it beat its target for upgrading rural roads during 2009. Some 381,000km of rural roads were improved, beating the target of 300,000km by a considerable margin.
    Read More
  • Funding for Sri Lankan highway upgrade work
    July 8, 2014
    A loan from the Asian Development Bank (ADB) worth US$800 million will help pay for a series of major road upgrades in Sri Lanka. The remaining $106 million required for the project will be provided by the Sri Lankan Government. The funding will pay for works to 2,200km of provincial and local roads as well as 400km of national roads. The work will help provide proper road connections to around 1,000 villages, with the loan being supplied in a series of payments. The first $100 million payment will be made
    Read More

Highlighted Content