Asian Development Bank
After remaining at a high during the past few months over a period of last 52 weeks, the shares of infrastructure companies are slowly falling down. Share prices in the infrastructure sector had touched a new high after the Modi Government was sworn in. The initial euphorbia seems to have dwindled and markets are slowly [...] Continue Reading »
An estimated 350 million USD will be provided as loan assistance by the Asian Development Bank for the upliftment of Madhya Pradesh district roads. According to a statement provided by the Asian Development Bank, it has planned to offer 350 million USD in loan for assisting the upgrading of district roads in the state which [...] Continue Reading »
The Asian Development Bank stated that it will be submitting a concept paper on Chennai-Visakhapatnam industrial corridor next month, by making this the third major industrial corridor development that will be happening in the state of Tamil Nadu. The Chennai-Visakhapatnam industrial development is part of an East Coast Economic Corridor project linking Kolkata, Chennai and [...] Continue Reading »
On Wednesday Asian Development Bank (ADB) announced that it would provide up to $7-9 billion loan to the country over the next three years. This money will be used for supporting the infrastructure development in India. Takehiko Nakao the president of ADB talked about this new development in New Delhi and mentioned that ADB’s operations for India [...] Continue Reading »
Acting on a petition demanding government assessment of the Thoubal-Kasom Khullen road and its impact in Manipur, the Gauhati high court has issued a notice to project sponsor Asian Development Bank (ADB). The 47-km road, which passes through Thoubal, Senapati and Ukhrul districts, is part of the Union DoNER ministry’s North Eastern State Roads Investment [...] Continue Reading »
Andhra Pradesh is soon to get two most significant industrial corridors-one is Visakhapatnam to Chennai corridor, which covers nine coastal districts and second one is Bangalore to Chennai corridor, which crosses via Hindupur, Krishnapatnam and Chittoor. AP Industries Commissioner Rajat Kumar states that these corridors are premeditated to promote growth scales in state. Explaining importance [...] Continue Reading »
A project for upgrading two roads in North Bengal, which will connect Bangladesh, Nepal and Bhutan, has been approved by the state Cabinet. The total estimated cost for this project will be INR 1377.55 crore and Asian Development Bank (ADB) will fund the entire cost. North Bengal Development minister Gautam Deb informed about the same. [...] Continue Reading »
Financial assistance of Central government for the Jaipur Metro Phase-I project might not be taken by the state government. “The total project cost for Phase-I is Rs 3,149 crore said a senior official source. The previous state government had sanctioned Rs 1,802. More funds might not be required as recently, the BJP-led government, too, has [...] Continue Reading »
The Government of India has signed a $125 million loan agreement with Asian Development Bank (ADB). The amount would be utilized for upgrading of roads in North Eastern states.’ The North Eastern States Roads Investment Program’, as it is known, is designed to reconstruct roads in the North Eastern states of Assam, Manipur, Mizoram, Tripura, Meghalaya, and Sikkim, thereby cutting [...] Continue Reading »
Greater Noida is leaving the Auto Expo visitors spellbound with its widened roads, the green Noida-Greater Noida Expressway and Yamuna Expressway which has seen throngs heading to the city for global meets like the Indian Grand Prix and the recently held Asian Development Bank (ADB) conclave. As a result, Greater Noida has emerged as a [...] Continue Reading »
