ADB loan of $300 Million to boost regional trade and roads in India

06 Dec 2022 CW Team

More than 300 kilometres of state highways and significant district roads in Assam, including six road segments in the state's western, central, and southern regions, will be upgraded thanks to a $300 million loan approved today by the Asian Development Bank (ADB).

The project will add new climate- and disaster-resistant structures and double the number of lanes on state highways and significant district roads. Infrastructure for pedestrians and public transportation will be built, highways in flood-prone areas will be elevated, and landslide control measures will be added in hilly and mountainous regions.

This project would upgrade the highways that connect the SASEC corridors and the borders with Bhutan and Bangladesh, which is projected to increase cross-border trade and transportation.

The project will support the Jogighopa multimodal logistics park that is being constructed as well as a future one in Silchar that will serve inland waterways, inland railroads, and airports.

Also read:
Ashoka Buildcon bags NHAI corridor project in Kerala
Jammu chief secretary holds meeting on road projects

Infrastructure Transport

20 Jun 2025

Dassault To Build Falcon Jets In India With Reliance

Reliance Infrastructure Ltd鈥檚 subsidiary, Reliance Aerostructure, has signed an agreement with France鈥檚 Dassault Aviation to manufacture Falcon 2000 business jets in India, with the first batch expected to roll out from its Nagpur facility by 2028. This marks the first time a Falcon aircraft will be entirely built outside France.The announcement sent Reliance Infrastructure shares surging, hitting the 5 per cent upper circuit on the BSE. Anil Ambani, Chairman of Reliance Group, hailed the agreement as a 鈥渟ymbol of India鈥檚 technological and manufacturing strength鈥�, adding that it aims..

Infrastructure Urban

20 Jun 2025

INDEA Lays Foundation for India鈥檚 First Auto Design School

The Indian School for Design of Automobiles (INDEA), the country鈥檚 first institute focused solely on automobile design and management, held its foundation stone ceremony at XLRI Delhi-NCR. The event was graced by Union Minister for Road Transport and Highways, Nitin Gadkari, who virtually unveiled the stone as Chief Guest.INDEA aims to become a premier talent hub, driving innovation in the Indian automotive sector. The school will focus on advanced design, mobility solutions, and sustainable practices, playing a vital role in shaping India鈥檚 transition from a cost-driven to a quality-led a..

Infrastructure Transport

20 Jun 2025

Karnataka Launches Global Innovation Hub at Airport City

The Government of Karnataka, in collaboration with Bengaluru Airport City Limited (BACL) and ANSR, has launched a global innovation hub named District I at Bengaluru Airport City's business park. The initiative aims to elevate India鈥檚 innovation ecosystem to a global scale by fostering collaboration among startups, academia, enterprises, and government bodies.District I will serve as a platform for deep-tech entrepreneurship, enterprise innovation, and commercialisation of academic research. It brings together Global Capability Centres (GCCs), IT firms, corporate labs, startups, venture capi..