World bank Ties with Kerala Govt For $216 Million Road Project

19 June 2013
New Delhi

Kerala Government and World bank had signed the pact for road development project worth USD 216 million. “The Loan and Project Agreements for World Bank assistance of USD 216 million for Kerala State Transport Project were signed between the central government, Kerala government and World Bank today,” an official statement said.

The Loan Agreement was signed by Nilaya Mitash (Joint Secretary, Department of Economic Affairs) on behalf of Centre and Onno Ruhl, Country Director, World Bank (India) on behalf of the World Bank.

“The Objective of the project is to improve road conditions, traffic flow and road safety with a focus on vulnerable road users on selected roads in Kerala,”. It will support the strengthening of the road safety management systems in Kerala with the objective of arresting the increase of crash fatalities in the state.

Source– http://economictimes.indiatimes.com/news/economy/infrastructure/kerala-govt-ties-up-with-world-bank-for-216-mn-road-project/articleshow/20665832.cms

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