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Asian Development Bank

ADB approves Rs 967 Crore road projects in Phailin hit area in Odisha

ADB approves Rs 967 Crore road projects in Phailin hit area in Odisha
The Asian Development Bank (ADB) has approved Rs 966.75 crore for 484 new road projects to be implemented across 14 districts of Odisha hit by tropical cyclone Phailin and the subsequent floods. A total road network of 1790.37 Kms will be re-established by utilizing the funds from the bank. ADB has approved the assistance under the third tranche of [...] Continue Reading »

Land values in residential properties around Bangalore set to rise

Land values in residential properties around Bangalore set to rise
To ease population pressure in the capital, the Karnataka Urban Infrastructure Development and Finance Corporation (KUIDFC) is planning to develop eight clusters around Bangalore. The residential properties present in these areas are expected to record significant price hike. The residential clusters include Ramanagar-Channapatna, Kanakapura, Nelamangala, Doddaballapur, Anekal, Devanahalli-Vijayapura, Hoskote and Magadi, all of which come [...] Continue Reading »

ADB to fund 8 new mega township projects in Bangalore

ADB to fund 8 new mega township projects in Bangalore
Asian Development Bank (ADB) is going to fund as many as eight new mega residential and industrial township clusters that are coming up in and around Bangalore at a cost of Rs 2,100 crore. The upcoming projects required a total cost of Rs 2100 crore, in which ADB is expected to provide Rs 1400 crore [...] Continue Reading »

Foreign investment for water supply scheme in Guwahati

Foreign investment for water supply scheme in Guwahati
The apartments in Guwahati are struggling for a long time to an acute crisis of water. The situation will change in near future as two foreign-funded drinking water supply schemes will start providing 24 hrs water supply to households. The Guwahati Metropolitan Drinking Water and Sewerage Board reviewed the implementation schemes by Japan International Cooperation [...] Continue Reading »



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