The New Development Bank said on Tuesday that its board has approved a $350 million loan for upgrading 1,500 kms of district roads in Madhya Pradesh. Under the Madhya Pradesh Major District Roads Project, the bank will provide the Centre with a sovereign project finance facility to help the state build all-weather roads and improve their maintenance and management. The board also cleared a 2-billion renminbi loan for an offshore wind power project in China. “The projects approved today, together with the first set of projects approved earlier this year, are aimed at meeting infrastructure needs of our members,” said Mr K.V. Kamath, the bank’s president.
This is a Premium article available exclusively to our subscribers. To read 250+ such premium articles every
month
You have exhausted your free article limit.
Please support quality journalism.
You have exhausted your free article limit.
Please support quality journalism.
The Hindu operates by its editorial values to provide you quality journalism.
You have read {{data.cm.views}} out of {{data.cm.maxViews}} free articles.
This is your last free article.