ADB's focus in India is on transport, energy
Multilateral lending agency Asian Development Bank's focus in Indian will be on the transport and energy sectors during the next three years (2008-10).
By PTI |
NEW DELHI: Multilateral lending agency Asian Development Bank's focus in Indian will be on the transport and energy sectors during the next three years (2008-10).
In terms of loan amounts, transport and energy sector are the most targeted one over the next three years, according to an ADB report 'India: Country Operations Business Plan 2008-10'.
Transport and energy, which accounts for about 36 per cent and 26 per cent respectively of the total loan amount allocated, are followed by urban sector (including tourism at 16 per cent) and governance and finance related projects (at 11 per cent).
The transport projects includes Bihar and Jharkhand state roads investment programmes (500 million dollar and 200 million dollar respectively), North Eastern Roads Investment Programme (300 million dollar), Rural Roads Sector III Investment Programme (700 million dollar), Jammu and Kashmir State Roads Investment Programme (200 million dollar).
ADB's transport project aims to to improve the transport connectivity in these states.
The lending agency has also approved about 2.9 billion dollars for the year 2008, 3.1 billion dollars for 2009 and 3.2 billion dollars for 2010, the report said.
A total of 31 firm loans have been programmed over the next three years -- 10 in 2008 and another 10 in 2009 and 11 in 2010, the report added.
For 2008, the funding agency has approved a loan of about 2.9 billion dollars for different projects, including agri-business and infrastructure development plans in Bihar and Maharashtra. They also include Integrated Irrigated Agriculture and Water Management in Orissa.
In terms of loan amounts, transport and energy sector are the most targeted one over the next three years, according to an ADB report 'India: Country Operations Business Plan 2008-10'.
Transport and energy, which accounts for about 36 per cent and 26 per cent respectively of the total loan amount allocated, are followed by urban sector (including tourism at 16 per cent) and governance and finance related projects (at 11 per cent).
The transport projects includes Bihar and Jharkhand state roads investment programmes (500 million dollar and 200 million dollar respectively), North Eastern Roads Investment Programme (300 million dollar), Rural Roads Sector III Investment Programme (700 million dollar), Jammu and Kashmir State Roads Investment Programme (200 million dollar).
ADB's transport project aims to to improve the transport connectivity in these states.
The lending agency has also approved about 2.9 billion dollars for the year 2008, 3.1 billion dollars for 2009 and 3.2 billion dollars for 2010, the report said.
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A total of 31 firm loans have been programmed over the next three years -- 10 in 2008 and another 10 in 2009 and 11 in 2010, the report added.
For 2008, the funding agency has approved a loan of about 2.9 billion dollars for different projects, including agri-business and infrastructure development plans in Bihar and Maharashtra. They also include Integrated Irrigated Agriculture and Water Management in Orissa.
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