(The Gist of PIB) MDRs in Madhya Pradesh  [JANUARY-2020]

(The Gist of PIB) MDRs in Madhya Pradesh

MDRs in Madhya Pradesh

• The Asian Development Bank (ADB) and the Government of India signed a $490 million loan for public-private partnership (PPP) project to upgrade about 1,600 km of state highways and major district roads (MDRs) in Madhya Pradesh.

Key highlights:

• The project will upgrade 750 km of state highways and 850 km of MDRs to two-lane and all-weather standards with road safety features.
• This will open a new partnership by introducing PPP through the hybrid-annuity model (HAM), thereby leveraging government financing and improving sustainability of capital investments.
• ADB was established in 1966. It is owned by 68 members 49 from the region.

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Courtesy: PIB