Question
What is the objective of the $175 million loan signed
between the Government of India and the Asian Development Bank (ADB) for the Madhya Pradesh road improvement project?Solution
The $175 million loan between the Government of India and ADB for the Madhya Pradesh road improvement project aims to enhance connectivity in Madhya Pradesh's state road network across 14 districts, contributing to balanced economic development. The project involves upgrading 500 kilometers of roads to a standard two-lane feature with climate- and disaster-resilient design, innovative road safety elements, and facilities for diverse needs. Additionally, ADB will build the capacity of Madhya Pradesh Road Development Corporation Limited (MPRDC) on climate change adaptation, disaster resilience, and road safety, including strategies for green technology in road construction and charging infrastructure for electric vehicles.
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