Asian Development Bank will provide USD 200 million loans to Maharashtra for rural road project

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The Asian Development Bank (ADB) has approved USD 200 million (about Rs 1,400 crore) loan to upgrade about 2,100 kilometers of rural roads to all-weather standards in Maharashtra’s 34 districts for better connecting rural areas with markets and services.

  • The road upgrades would link the local and rural residents to the markets and will in turn help in boosting the agricultural productivity and incomes.
  • The project would also work with the Maharashtra Rural Road Development Association (MRRDA), to develop climate resilient design, road asset management etc.
  • A technical assistance grant of USD 1 million for institutional strengthening of the MRRDA is to be given for enhancing its management performances.
  • The state of Maharashtra accounts for 8% of the total road incidents in India.
  • The states’ agriculture accounts for about 47% of employment and contributes 11% to the state gross domestic product.