India signs USD 300 million loan with ADB to boost rural connectivity in Maharashtra
This will help rebuild roads and bridges in Maharashtra destroyed in the 2019 floods.
India has signed an agreement for a USD 300 million loan from the Asian Development Bank (ADB) to scale up improvement of rural connectivity in Maharashtra.
The loan is additional financing for the ongoing Maharashtra Rural Connectivity Improvement Project which will boost the rural economy in the state.
This 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 Union Finance Ministry said on Wednesday.
The ongoing project with $200 million financing, approved in August 2019, is already improving and maintaining the condition and safety of 2,100 km of rural roads across Maharashtra.
This additional financing will rebuild and rehabilitate roads and bridges in Maharashtra destroyed by the devastating floods in August 2019, the ministry said.
The design incorporates flood and climate resilience measures, pilot test the use of environment-friendly materials on selected road segments, use of mobile mapping technology to monitor the project roads and utilize new technologies such as fiber-reinforced concrete and pre-cast concrete arch bridge.
The new project is expected to generate about 3.1 million person-days of employment for local communities, of which at least 25% will be for women, over the construction and maintenance periods.
A gender action plan has been prepared to focus on capacity development of women workers so that they can benefit from the semiskilled and unskilled labor opportunities.
The signatories to the loan agreement were Additional Secretary, Department of Economic Affairs, Ministry of Finance Rajat Kumar Mishra and Country Director of ADB’s India Resident Mission signing for ADB Takeo Konishi.
“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,” said Mishra after signing the loan agreement.
“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,” said Konishi.