Kerala government signs $216 Million loan from Wordl Bank

Kerala government has signed pact with World Bank for $216 million loan for Kerala State Transport Project to improve road conditions and safety in the state.

The Loan and Project Agreements for World Bank assistance of $216 million for Kerala State Transport Project were signed between the central government, Kerala government and World Bank.

The project will look at upgrading 363 km strategically important State Highways to complete network connectivity in the state with the objective of reducing travel time between key socioeconomic centers.

This component will finance various initiatives building on the work already undertaken during the first project including a safe corridor demonstration project, implementation of a local level challenge fund, and advisory support for road safety activities.

Source: Business Standard