ADB Loan to UP for Strengthening of Roads

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Uttar Pradesh Government has signed an agreement with Asian Development Bank ADB for a loan of 1950 crore rupees for strengthening of roads in different district.

As per agreement, ADB will provide the loan amount for Uttar Pradesh Main District Roads Development Project of 2782 crore rupees cost.

State government will spend 832 crore rupees form its own resources on the project.

Project is scheduled to be completed by 2024 and ADB will provide the loan for the period of 25 years on the interest rate of 2 percent.

Project will be completed in five years and 431 kilometer roads in 12 districts will be strengthened.

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