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May 31, 2018
9:24PM

India, World Bank sign 500 mn additional financing for PMGSY Rural Roads Project

India and World Bank today signed a 500 million Dollar loan agreement to provide additional financing for the Pradhan Mantri Gram Sadak Yojana (PMGSY) Rural Roads Project. 

The project was implemented by Ministry of Rural Development, which will build 7,000 km of climate resilient roads, out of which 3,500 km will be constructed using green technologies.

The World Bank has supported PMGSY since its inception in 2004. So far, it has invested over 1.8 billion dollars in loans and credits mostly in the economically weaker and hill states across North India - Bihar, Himachal Pradesh, Jharkhand, Meghalaya, Rajasthan, Uttarakhand, and Uttar Pradesh. It has built and improved about 35,000 km of rural roads and benefited about eight million people with access to all-weather roads.


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