इंडियन आवाज़     19 Jul 2018 08:31:07      انڈین آواز

India signs USD 329 million loan pact with AIIB for Gujarat road project

highway-roadIndia has signed a loan agreement with Asian Infrastructure Investment Bank (AIIB) for financing of 329 million US dollar for Gujarat Rural Roads Project.

Finance Ministry in a statement said, the agreement was signed yesterday by Joint Secretary in the Ministry of Finance, Sameer Kumar Khare and Vice President and Chief Investment Officer, AIIB, D J Pandian.

The objective of the project is to improve the rural road connectivity and accessibility to more than one thousand villages in all the 33 districts of the state benefiting about 80 lakh people.

The Ministry said, the project will also benefit the service providers such as public transport operators, educational institutions, hospitals, local markets and traders.

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