On Monday, the Asian Development Bank and Maharashtra Government have signed a $200 million loan agreement for upgradation of rural thoroughfares to all-weather roads in 34 Districts of the state, improved safety of roads and better connectivity with markets and services.
The loan agreement was signed by Sabyasachi Mitra, Deputy Country Director of ADB’s India Resident Mission, and Sameer Kumar Khare, Additional Secretary (Fund Bank and ADB), Department of Economic Affairs in the Ministry of Finance.
Mr. Mitra said that “the Maharashtra Rural Connectivity Improvement Project will help the better condition of about 2,100 km rural roads to all-weather roads with climate resilience and safety features, connecting rural communities with agricultural areas and socioeconomic centres.”
He continued, “Provision of contractual maintenance for five years has also been provided under the project.”
Mr. Khare said that “the enhanced road connectivity and better access to markets will help farmers increase farm productivity and incomes.”
$1 million technical assistance has also been offered for boosting of the Maharashtra Rural Road Development Association (MRRDA) in areas like road asset management, climate-resilient design and construction, road safety, and web-based real-time project monitoring.