The Asian Development Bank (ADB) and the Government of India have signed a $295 million loan to upgrade 265 kilometers of state highways in Bihar. The loan will be used to improve the road network in Bihar, which is one of the poorest states in India.
The project will upgrade 265 kilometers of state highways in Bihar to standard two-lane widths with road safety features and paved shoulders. The project will also include the reconstruction, widening, and strengthening of culverts and bridges.
The project is expected to improve road safety and promote access to health and education facilities in rural areas. The project will also help to reduce travel time and costs for businesses and travelers.
The loan agreement was signed by Vumlunmang Vualnam, Additional Secretary, Department of Economic Affairs, on behalf of the Government of India, and Takeo Konishi, Country Director for ADB in India, on behalf of ADB.
Benefits of the Project
The project will provide a number of benefits, including:
- Improved road safety: The project will improve road safety by widening the roads and adding paved shoulders. This will help to reduce the number of accidents on the roads.
- Increased access to health and education facilities: The project will improve access to health and education facilities by making it easier for people to travel to these facilities.
- Reduced travel time and costs: The project will reduce travel time and costs by upgrading the roads. This will make it easier for businesses to operate and for people to travel.
- Increased economic activity: The project will increase economic activity by making it easier for businesses to operate and for people to travel. This will lead to job creation and increased prosperity in Bihar.
The Future of Highways in Bihar
The project is a significant step in the development of highways in Bihar. The project will improve the road network in Bihar, which will help to boost economic activity and improve the lives of the people of Bihar.
In the future, we can expect to see more investment in highways in Bihar. This is because highways are essential for economic development, and they play a vital role in connecting people and businesses. As investment in highways in Bihar grows, we can expect to see a more prosperous and connected Bihar.
Quotes
- “We are pleased to support the Government of India’s efforts to improve the road network in Bihar,” said Takeo Konishi, Country Director for ADB in India. “This project will help to improve road safety, promote access to health and education facilities, and reduce travel time and costs.”
- “We are committed to improving the road network in Bihar,” said Vumlunmang Vualnam, Additional Secretary, Department of Economic Affairs. “This project will help us to achieve our goal of improving road safety and promoting economic development in Bihar.”