(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
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