India govt, ADB sign $1.2 bn loan agreements for infrastructure projects

NEW DELHI (Reuters) – The Indian government and the Asian Development Bank (ADB) on Tuesday signed loan agreements totalling $1.22 billion for developing infrastructure in various Indian states, a statement from the finance ministry said.

The agreements would cover projects for improving the power sector and highways in the northeastern states of Tripura and Assam, metro rail connectivity in the southern city of Chennai, and improvement of key economic areas in the western state of Maharashtra, the statement added.


(Reporting by Shivam Patel in New Delhi; Editing by Alex Richardson)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

supply hyperlink

What do you think?

Written by admin

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

Public-float rule: PSUs to remain exempt even after change of ownership

Domestic air passenger traffic to cross pre-Covid level in Dec 2022