ADB provides US$ 100 million to upgrade 388 km rural roads

ADBKathmandu / Feb 12: The Asian Development Bank (ADB) has agreed to provide US$ 100 million (Nrs. 10 billion) for Rural Connectivity Improvement Project.

The project will upgrade 388 kilometers of rural roads to all-weather standards, serving the agriculture sector and bring access to 7.5 million people in 16 districts. This project is in line with the goal of the Government’s Agriculture Development Strategy signed in 2015 of encouraging commercial agriculture, increasing productivity, creating new rural jobs and increasing prosperity.

The objective of this project is to increase transport efficiency on project area. This project shall improve the rural road conditions between the selected rural communities, agriculture production areas and enhance capacity of rural infrastructure agency and road users in project areas.

Similarly, ADB has also agreed to provide US$ 1 million (NRs. 100 million) to restructure the Department of Local Infrastructure Development and Agricultural Roads into a state-of-the-art rural road agency. The project is expected to be completed by 31 January 2023.

Shankhar Prasad Adhikari, secretary, Ministry of Finance and Mukhtor Khamudhhanov, Country Director, Nepal Resident Mission, ADB signed the loan agreement on behalf of the Government of Nepal and the ADB respectively. An agreement to this effect was signed and exchanged at the Ministry of Finance, Kathmandu today.

Related News

Leave a Reply

टाइप गरेर स्पेस थिच्नुहोस् र नेपाली युनिकोडमा पाउनुहोस। (Press Ctrl+g to toggle between English and Nepali OR just Click on the letter). अंग्रेजीमा टाइप गर्न "अ" मा थिच्नुहोस्।

*
Advertise Section 7

TOP NEWSview all

Clean Nepal is possible as over 23 million people are willing to contribute: Khem Sharma

Even though it’s late, victims will get something from the commission: Subedi

Cecil and Harambe; a lesson for Himalayan Republic

Trip Down under

We want real conversion of our students beyond religion: Fr. Boniface Tigga, Regional Superior of Nepal Jesuit Society




Positive Development Media Pvt. Ltd. / Regd. No: 232 / 073-74

Newbaneshwor
Kathmandu, Nepal

4479401


Editor : Mr. Divesh J.B. Rana Chairperson : Mr. Pratibedan Baidya