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

Published on: 20 Jun, 2013
Published under: General Kerala News, Kerala Business News

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

Found Useful? Do Share: World bank Ties with Kerala Govt For $216 Million Road Project:

Leave a Reply

Share Kerala News Online

Kerala Direct News

Check out the latest 2015 news from Kerala State of India. Just Kerala is the dedicated online portal to provide latest and genuine Kerala information. Kerala Live and breaking news, Top Headlines, Top stories, Politics, Movies, Sports news.

Last Updated Kerala News : 30 May, 2024