The National Bank for Agriculture and Rural Development (NABARD) has sanctioned a loan of Rs. 115 crore to the State government under the Rural Infrastructure Development Fund (RIDF).
The assistance will be used for construction of a 1,240m rural bridge connecting Camurlim and Tuem across river Chapora in north Goa.
The estimated cost of the bridge is Rs.143.53 crore. The project will be implemented by the State-owned Goa State Infrastructure Development Corporation Ltd. (GSIDC).
NABARD provides soft loan assistance to State governments for completing various infrastructure projects. This is its first new sanction under the RIDF during the year 2013-14 to Goa.
The cumulative assistance sanctioned to Goa over last two decades for completing various infrastructure projects by NABARD now stands at Rs. 759.06 crore, said B. B. Sethi, General manager, NABARD here on Monday.