(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.

Study Material for UPSC General Studies Pre Cum Mains

This is Only Sample Material, To Get Full Materials Buy The Gist 1 Year Subscription - "Only PDF" Click Here

Click Here to Download More Free Sample Material

<<Go Back To Main Page

Courtesy: PIB