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India, ADB Sign $300 Million Loan To Expand Rural Connectivity In Maharashtra

The loan was signed by Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs, Ministry of Finance, and Takeo Konishi, Country Director of ADB’s India Resident Mission signing for ADB.

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The Union Government and the Asian Development Bank (ADB) on Wednesday, signed a $300 million loan as additional financing to boost up the rural connectivity to increase the rural economy in Maharashtra, informed the Ministry of Finance. 

“The additional financing for the ongoing Maharashtra Rural Connectivity Improvement Project will help improve an additional 1,100 rural roads and 230 bridges for a total length of 2,900 kilometers (km) in 34 districts. The ongoing project with $200 million financings, approved in August 2019, is already improving and maintaining the condition and safety of 2,100 km of rural roads across Maharashtra, the ministry said in a press release.

Meanwhile, the loan was signed by Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs, Ministry of Finance, and Takeo Konishi, Country Director of ADB’s India Resident Mission signing for ADB.

Rajat Kumar Mishra said, “With the additional financing, the overall project will improve the condition and safety of 5,000 km of rural roads and over 200 bridges connecting rural communities with productive agricultural areas and socioeconomic centers in Maharashtra.” 

The new project is likely to create a total of 3.1 million person-days of employment for local communities, out of which 25 per cent will be for women, over the construction and maintenance periods. The Ministry said that it has made up a gender action plan which will focus on the capacity development of women workers and will get benefit from the semiskilled and unskilled labor opportunities.

Konishi said, “Improved connectivity through climate-resilient, all-weather rural roads will help accelerate Maharashtra’s economic recovery from COVID-19 shock by generating rural employment and transforming agriculture.” 

According to the ministry, this additional financing will rebuild and rehabilitate roads and bridges in Maharashtra destroyed by the devastating floods in August 2019. The design incorporates flood and climate resilience measures, pilot tests the use of environment-friendly materials on selected road segments, use mobile mapping technology to monitor the project roads, and utilize new technologies such as fiber-reinforced concrete and pre-cast concrete arch bridge.

(With PIB inputs)


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india adb economy maharashtra