The ADB has approved a project loan of $300 million (about Rs 2, 000 crore) for upgradation of over 400 km of major district roads in which state

2016

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Rajasthan
B	Karnataka
C	Madhya Pradesh
D	Uttar Pradesh

Explanation:

Detailed explanation-1: -ADB, India sign $300 million loan to improve connectivity in Assam. The Asian Development Bank (ADB) and the Government of India today signed a $300 million loan to upgrade over 300 kilometres of state highways and major district roads (MDRs) in Assam.

Detailed explanation-2: -ADB $250 million loan for India’s National Industrial Corridor Development Program (NICDP)

Detailed explanation-3: -ADB, India Sign $251 Million Loan for Integrated Urban Flood Management in Chennai | Asian Development Bank.

Detailed explanation-4: -ADB offers hard currency loans, both senior and subordinated, as well as mezzanine financing. We also offer local currency loans in selective markets on a case to case basis. Interest rates and other terms vary, depending on a company’s or project’s needs and risks.

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