India seeks World Bank loan for road expansion
November 11th, 2010 - 5:02 pm ICT by IANSNew Delhi, Nov 11 (IANS) India has requested the World Bank to provide $2.96 billion loan for expansion of 3,770 km roads.
Road Transport and Highways Minister Kamal Nath held discussions with World Bank President Robert Zoellick on $2.96 billion loan which his ministry has sought for converting 3,770 km single/intermediate lane roads to two-lane standards, an official statement said Thursday.
“Taking forward the matter, the various issues relating to implementation of this project were discussed with the World Bank president,” it said.
During his meeting with Zoellick in Singapore Wednesday, Nath also sought the Bank’s assistance for strengthening the National Institute for Training of Highway Engineers (NITHE).
The minister targets to make the Noida-based institute an Asian hub for highways engineering. NITHE is an apex body under the road transport and highways ministry for training and capacity building in the road sector.
The World Bank has already promised to provide $45 million technical assistance loan for capacity building and institutional strengthening of the National Highways Authority of India.
- India seeks World Bank's partnership to develop highways - Sep 12, 2009
- $315 mn ADB loan for Karnataka road projects - Jul 20, 2011
- World Bank gives $45 million loan for improving highways - Dec 22, 2010
- ADB provides 300 million dollars to Bihar to improve roads, boost growth - Sep 16, 2010
- ADB to lend $470 million for Bihar and Maharashtra projects - Sep 16, 2010
- World Bank chief Zoellick in India Monday - Mar 25, 2012
- ADB Extends 315 million dollar for highway overhaul in Karnataka - Nov 29, 2010
- Asian Development Bank approves $470 mn loans for India - Sep 16, 2010
- IVRCL arm bags Rs.1,300 crore highway project - Jan 30, 2012
- Government to meet 20 km a day highways target, says minister - Oct 27, 2010
- ADB gives $300 mn loan for road projects in Madhya Pradesh - Jun 15, 2011
- World Bank loan for improving Tamil Nadu roads - Mar 31, 2010
- $350 million World Bank loan for Karnataka's roads - Mar 25, 2011
- Avoid favouritism in awarding infrastructure projects: PM - Sep 12, 2011
- Nitish demands high-level probe into World Bank allegations - Apr 03, 2012
Tags: apex, apex body, asian hub, assistance loan, capacity building, highway engineers, highways, kamal nath, lane roads, national highways authority, New Delhi, noida, president robert, road expansion, road sector, road transport, robert zoellick, world bank, world bank loan, world bank president