December 8, 2023: The government and the Asian Development Bank (ADB) on December 5 signed a $175- million loan pact to improve connectivity and resilience of roads in Madhya Pradesh.
The signatories to the loan agreement were Juhi Mukherjee, joint secretary in the Department of Economic Affairs in the finance ministry, and Takeo Konishi, country director of ADB’s India Resident Mission.
After signing the loan agreement, Mukherjee stated that this project would enhance connectivity in the state road network across 14 districts to enable balanced economic development in Madhya Pradesh.
“Since 2002, ADB has supported road development in Madhya Pradesh upgrading more than 9,000 km of state highways and major district roads. This project continues these efforts and will connect rural areas to growth centres and industrial corridors and establish roads that are better, safer, and more climate-resilient,” said Konishi.
The project will upgrade about 500 km of state highways and major district roads to a standard two-lane feature. These roads will incorporate climate- and disaster-resilient design, innovative road safety elements, and facilities that will respond to the needs of the elderly, women, children, and people with disabilities.
ADB will build the capacity of the Madhya Pradesh Road Development Corporation Limited (MPRDC) on climate change adaptation and mitigation, disaster resilience, and road safety in road network planning and management. The project will help prepare strategies and plans to utilise green technology in road construction and establish charging infrastructure for electric vehicles.
The project will support MPRDC to formulate a gender equality and social inclusion strategy and establish an internship programme to attract female students to work in the road sector. It will engage women’s self-help groups to promote road safety awareness. The project will also conduct livelihood and entrepreneurship training programmes for women and girls and construct at least two roadside markets.
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An alumna of the Indian Institute of Mass Communication, Dhenkanal, Sunita Mishra brings over 16 years of expertise to the fields of legal matters, financial insights, and property market trends. Recognised for her ability to elucidate complex topics, her articles serve as a go-to resource for home buyers navigating intricate subjects. Through her extensive career, she has been associated with esteemed organisations like the Financial Express, Hindustan Times, Network18, All India Radio, and Business Standard.
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