Centre, NDB ink loan pacts worth $646 million for upgrading AP highways

Centre, NDB ink loan pacts worth $646 million for upgrading Andhra Pradesh highways

The Government of India, the Government of Andhra Pradesh and the New Development Bank (NDB) signed loan agreements of up to $323 million each for two projects. The first project – Andhra Pradesh Roads and Bridges Reconstruction project — comprises widening 1,600 km of state highways to double lane and reconstructing dilapidated bridges on the state highway network. The second project – Andhra Pradesh Mandal Connectivity and Rural Connectivity Improvement project — comprises widening 1,400 km of district roads to double lane and reconstructing dilapidated bridges on the district road network. The state government will implement the projects through the Roads and Buildings Department.

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