Question
Download Solution PDFWith which of the following has India inked a $346 million loan agreement to finance Karnataka State Highways improvement III Project (KSHIP – III)?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDF- Asian Development Bank has inked a $346 million loan agreement with India to finance Karnataka State Highways improvement III Project (KSHIP – III).
- The Asian Development Bank (ADB) and the Government of India signed the loan to finance improvement of over 400 kilometers (km) of state highways in Karnataka.
- The project will enhance connectivity and access to economic centers across 12 districts in Karnataka.
- The project is in line with the state's core road network (CRN) development plan.
- It will involve upgrading of identified state highways to two- and four-lane with paved shoulders, depending on traffic requirements.
- It will also include reconstruction, widening, and strengthening of culverts and bridges.
- ADB Facts:-
|
Formation |
19 December 1966 |
|
Headquarters |
Manila, Philippines |
|
President |
Masatsugu Asakawa |
Last updated on Jun 16, 2025
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