The State Government along with the Centre on Friday signed an agreement with the Asian Development Bank (ADB) for loan and projects worth $200 million. The agreement is in particular to boost road networks in tribal areas and to improve connectivity for the development of the State.
Under the loan agreement, the Government of India and ADB have become parties while the State Government has entered into a pact with the bank for the road related projects to be taken up in Jharkhand.
“Under the second phase of the project total 176.60 kilo meters of road would be taken up as per the proposal and for that the loan agreement amounting $ 200 million has been signed with the ADB in New Delhi,” said an official present in on the occasion along with Chief Secretary Rajbala Verma, Road Construction Secretary MR Meena and Raj Kumar, Joint Secretary in the Department of Economic Affairs at the Centre.
The road projects would be covering several far flung areas of the State, especially inhabited by tribals. “Four roads of the State are proposed to be taken up under the project for which the ADB has made available the loan to Jharkhand. These include Khunti-Tamar road (43.7 kms), Gobindpur-Tundi-Giridih road (43.5 kms), Giridih-Jamua-Sarwan road (45.2 kms) and Dumka-Hansdiha road (44.2 kms),” added he. ADB’s Country Director, India Resident Mission, M Teresa Kho was present there from the bank.