The Multilateral funding agency Asian Development Bank has approved 200 million US dollar loan to finance a road project in the state of Jharkhand.<br/><br/><br/>The loan was approved by ADB Board of Directors to finance a 311 kilometer, two-lane road that will connect the northern region of the State to the national highway network.<br/><br/><br/>According to a ADB statement, the project will also build capacity in the state's Road Construction Department, which suffers from shortage of engineers with road-building project management skills.<br/><br/>The project will be executed by the Road Construction Department and is likely to complete by June 2014.<br/>
News On AIR | December 3, 2009 6:16 PM
ADB approves 200 ml US dollar for J’khand road