Question
How much loan amount has been sanctioned by ADB to India
for infrastructure projects?Solution
The Indian government and the Asian Development Bank (ADB) signed loan agreements totalling $1.22 billion for developing infrastructure in various Indian states. The agreements include $220 million and $300 million loan for improving the power sector and highways in the northeastern states of Tripura and Assam, $350 million for metro rail connectivity in the southern city of Chennai, and $350 million for improvement of key economic areas in the western state of Maharashtra.
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