India Infrastructure Project Secures ADB Credit

The Asian Development Bank will lend USD350 million to help finance an infrastructure project in India’s Uttarakhand state, the local government said. The USD500 million scheme will recondition roads, bridges, and water and sanitation facilities in 31 cities and towns of the state. Uttarakhand’s Chief Secretary Indu Kumar Pandey said the agreement is likely to be signed early next month. (“ADB to fund Uttarakhand infra project” - Business Standard, Oct. 16, 2008)

About the author

Join the Discussion