Quick Summary
The Government of India and the World Bank today signed a $500 million project to build safe and green national highway corridors in the states of Rajasthan, Himachal Pradesh, Uttar Pradesh and Andhra Pradesh. The project will also enhance the capacity of the Ministry of Road Transport and Highways
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FAQ :
The total value of the project is $500 million.
The project will be implemented in the states of Rajasthan, Himachal Pradesh, Uttar Pradesh, and Andhra Pradesh.
The main goal is to construct safe and green national highway corridors by integrating sustainable technologies, reducing GHG emissions, and enhancing road safety.
The project will support the construction of 783 km of highways.
Yes, the project will support creating jobs for women by training women-led micro enterprises and collectives to implement green technologies in the highway corridors.
A $500 million loan is being provided by the International Bank for Reconstruction and Development (IBRD) with a maturity of 18.5 years, including a five-year grace period.
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