New Development Bank (NDB) has okayed US$ 646 million for infrastructure projects in the southern state of Andhra Pradesh.
The projects will address the road network issues by widening roads and reconstructing weak and narrow bridges to provide all-weather road network connectivity.
Two loans of US$ 323 million each will be provided by the NDB for the infra projects in Andhra Pradesh including the Roads and Bridges Reconstruction Project (APRBRP), the Andhra Pradesh Mandal Connectivity and Rural Connectivity Improvement Project (APMCRCIP) respectively.
To be channeled through the Indian government, the loans are part of about US$ 1.4 billion loans approved for the member countries at the bank’s 21st Board of Directors (BoD) held in Shanghai.
While the APRBRP comprises widening of about 1,600 km of state highways from single and intermediate lanes to double lanes and reconstructing 269 bridges on the state highway network, the APMCRCIP plans to widen about 1,400 km of district roads from single and intermediate lanes to double lanes and reconstruct 206 bridges.
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