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Name the international financial organisation that has approved a loan of USD 346 million to fund highway upgradation project in Karnataka?
  • a)
    World Bank
  • b)
    European Investment Bank
  • c)
    Asian Development Bank
  • d)
    Islamic Development Bank
  • e)
    Shanghai Development Bank
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Name the international financial organisation that has approved a loan...
International financial organisation, Asian Development Bank (ADB) has announced that it has approved a loan of USD 346 million to fund highway upgradation project in Karnataka. Funds procured through this loan will be deployed to improve 419 km of state highways by upgrading it to two and four-lane highways. Besides, the upgradation will also include construction of planned pedestrian, installation of women-friendly amenities, marked crossings and proper signage. Under this project, a road safety survey will also be carried out to identify critical accident spots across the state highways and implement remedial measures. The total project cost has been estimated to be USD 655 million, out of which, state government will provide USD 202 million and USD 107 will be raised through private sector
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Name the international financial organisation that has approved a loan of USD 346 million to fund highway upgradation project in Karnataka?a)World Bankb)European Investment Bankc)Asian Development Bankd)Islamic Development Banke)Shanghai Development BankCorrect answer is option 'C'. Can you explain this answer?
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Name the international financial organisation that has approved a loan of USD 346 million to fund highway upgradation project in Karnataka?a)World Bankb)European Investment Bankc)Asian Development Bankd)Islamic Development Banke)Shanghai Development BankCorrect answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Name the international financial organisation that has approved a loan of USD 346 million to fund highway upgradation project in Karnataka?a)World Bankb)European Investment Bankc)Asian Development Bankd)Islamic Development Banke)Shanghai Development BankCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Name the international financial organisation that has approved a loan of USD 346 million to fund highway upgradation project in Karnataka?a)World Bankb)European Investment Bankc)Asian Development Bankd)Islamic Development Banke)Shanghai Development BankCorrect answer is option 'C'. Can you explain this answer?.
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