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ADB clears $ 300 million loan for upgradation of UP Roads 400 km

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Phillipines based Multi Lateral Financing Agency and Uttar Pradesh Government shared their contributions to enhance the Road Connectivity of about 400 Kms in major district in Uttar Pradesh State.

Budget: $ 300 million by Asian Development Bank & $128 million by Uttar Pradesh State Government

ADB clears $ 300 million loan for upgradation of UP Roads 400 km

Special Features:

  • Core Network plan for connecting major districts within the state – Master Plan
  • It is maiden successful of ADB in provision of Loans to Upgradation of Roads
  • It will be Model roads with widened Breadths and it will be suitable for all weather conditions
  • Safety measures will be taken including widened of Breadths and strengthened Culverts and Bridges
  • Connectivity of neighboring states, Private and Multi Lateral resources

About Uttar Pradesh:

  • Most Populous State
  • Capital: Lucknow
  • Chief Minister: Akhilesh Yadav
  • Governor: Ram Naik

Asian Development Bank:

  • Regional Development Bank
  • Headquarter: Manila, Phillipines
  • Head: Takehiko Nakao
  • Members: 67 Countries (Asia- Pacific Countries)