Finance ministry, Asian Development Bank review 55 projects worth $13.5 billion

The Finance Ministry and Asian Development Bank (ADB) jointly reviewed 55 projects worth USD 13.5 billion financed by the multilateral lender.

Over 150 officials of the central and state governments, including project directors and ADB staff, participated in the meeting recently held in Bengaluru, the finance ministry said in a release today.

"As of October 2017, ADB's projects under implementation for India comprise 55 projects amounting to USD 13.5 billion of which works worth USD 9.6 billion is ongoing...," it said.

ADB primarily focuses its assistance in India on three infrastructure sectors - energy, transport and urban infrastructure and services, it said.

The meeting also accorded the best project implementation performance awards to Madhya Pradesh Power Transmission and Distribution System Improvement Project, Kolkata Environmental Improvement Investment Program (Tranche-1) and Uttarakhand Emergency Assistance Project.