The Government of India and the Asian Development Bank (ADB) yesterday signed a $175 million loan to improve connectivity and resilience of roads in the state of Madhya Pradesh. The signatories to the loan agreement for the Enhancing Connectivity and Resilience of the Madhya Pradesh Road Network Project were Ms. Juhi Mukherjee, Joint Secretary, Department of Economic Affairs, in the Ministry of Finance, for the Government of India, and Takeo Konishi, Country Director of ADB’s India Resident Mission, for ADB.
After signing the loan agreement, Ms. Mukherjee stated that this project will enhance connectivity in the state road network across 14 districts to enable balanced economic development in Madhya Pradesh.
