State Highways Current Affairs

India and ADB sign $200 Million Loan to improve State Highways in Bihar

Union Government has signed $200 million loan agreement with Asian Development Bank (ADB) for Bihar State Highways III Project (BSHP-III). It will finance widening and upgrading of about 230 kms state highways in Bihar to all-weather standards with road safety features. Since 2008, ADB has provided four loans to Bihar amounting to $1.43 billion to upgrade about 1,453 km of State Highways and to construct new bridge over Ganga River near Patna (on completion it will be the India’s longest river bridge).

Bihar State Highways III Project (BSHP-III)

It was approved by ADB Board in October 2018. It aims at upgrading State Highways to standard two-lane width with road safety features and paved shoulders including reconstructing, widening and strengthening culverts and bridges. It also seeks to build institutional capacity of State for road design and maintenance and incorporate appropriate new technologies in the State’s road sub-sector. The improved roads under the Project will contribute to savings in vehicle operating cost and travel time, reduce vehicle emissions and improve road safety. This loan will complement efforts of Bihar Government to upgrade all state highways to meet minimum two-lane standard with better surfaces and improved road safety leading to improved connectivity. It will also establish State-level Road Research Institute to improve technical and management capacity of Road Agency Staff.

Asian Development Bank (ADB)

ADB is a regional development bank based out of Asia. It aims to promote social and economic development in Asia by achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. It was established in December 1966. It is headquartered at Ortigas Centre in Manila, Philippines. It has total 67 members, of which 48 are from within Asia and the Pacific and 19 outside

Month: Categories: India Current Affairs 2018

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India inks $346 million loan agreement with ADB to improve State Highways in Karnataka

India has inked $346 million loan agreement with Asian Development Bank (ADB) to finance Karnataka State Highways Improvement III Project (KSHIP-III) for improvement of over 400 km of state highways in Karnataka. This will help in enhancement of connectivity and access to economic centres across 12 districts in Karnataka.

Karnataka State Highways Improvement III Project (KSHIP-III)

KSHIP-lll project will upgrade about 419 kilometers of state highways to two-and four-lane with paved shoulders. It will also reconstruct, widen, and strengthen culverts and bridges. Use of hybrid annuity contracts is important aspect of the project is to improve quality and sustainability of road assets with performance-based maintenance period of 7 years, post-construction.

The project will also carry out road safety audit to identify and mitigate critical accident blackspots across state highway network. It will also strengthen the institutional capacity of the Karnataka Public Works, Ports, and lnland Water Transport Department.

The ADB Financing will be in addition to ongoing road improvement project financed by ADB with loan of $315 million which involves upgradation of about 615 km of state roads. The new loan will continue ADB support to Karnataka government’s statewide road improvement programme and will also help improve road safety. This project will promote economic activities and foster inclusiveness.

Month: Categories: Defence Current Affairs 2018

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