1. ADB clears $300-mn loan for upgrade of Uttar Pradesh roads

ADB clears $300-mn loan for upgrade of Uttar Pradesh roads

The project supports the state government’s core road network improvement master plan

By: | New Delhi | Updated: April 19, 2016 8:12 AM
The Asian Development Bank (ADB) will give a 0-million loan to upgrade over 400 km of major district roads in Uttar Pradesh with improved maintenance, and to strengthen road safety on the major district roads forming part of the core road network in the state. The Asian Development Bank (ADB) will give a 0-million loan to upgrade over 400 km of major district roads in Uttar Pradesh with improved maintenance, and to strengthen road safety on the major district roads forming part of the core road network in the state.

The Asian Development Bank (ADB) will give a $300-million loan to upgrade over 400 km of major district roads in Uttar Pradesh with improved maintenance, and to strengthen road safety on the major district roads forming part of the core road network in the state.

The project supports the state government’s core road network improvement master plan, under which the government plans to improve roads through a combination of state, private and multilateral resources, the multilateral agency said in a statement.

The loan, which is ADB’s first road sector assistance in UP, will be used to improve around 430 km of major district roads, upgrading them to standard design widths, suitable for all-weather use and with safety features, including widened and strengthened culverts and bridges.

A key element of the project is the inclusion of 5-year performance-based maintenance contracts to ensure the ongoing high-standard upkeep of the roads.

Along with ADB’s loan, the government of UP will provide counterpart support of $128 million. The project will run for almost five years with an expected completion date of March-end 2021.

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