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$384 million WB loan for T.N. road project

Washington June 18. The World Bank has approved a $348 million loan to improve the quality, capacity and safety of road network in Tamil Nadu. The loan for the Tamil Nadu Road Sector Project will benefit the State's 62 million people by improving infrastructure and investment climate, a release said. ``Road transport is the dominant mode of transport in the State, and plays a big role in trade and tourism,'' A.K. Swaminathan, World Bank task leader for the project, said.

``While demand for road transport has increased, the infrastructure has not kept pace leading to serious network deficiencies. In addition, inadequate attention to road safety has resulted in an increasing number of deaths, especially of vulnerable road users like pedestrians, bicyclists and motorcyclists,'' he said..

PTI

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