Current Affairs - State - Discussion

Discussion :: State - Latest Current Affairs (Q.No.1250)

1250. 

AIIB approved USD 455 Million loan for this state Road Project.

[A]. Andhra Pradesh
[B]. Tamil Nadu
[C]. Bihar
[D]. Haryana

Answer: Option A

Explanation:

A loan agreement of USD 455 million was signed between the Asian Infrastructure Investment Bank (AIIB) and the Government of India for financing the Andhra Pradesh Rural Roads Project, which will connect 3,300 habitations with a population of more than 250, and benefit around 2 million people in New Delhi. The objective of the Project is to improve road transport connectivity in previously unserved communities by providing all weather rural roads in all 13 Districts of Andhra Pradesh. It is the third project in Andhra Pradesh signed by the AIIB after two projects in Power Sector and Water Sector.

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