Asian Development Bank approved 503 million US Dollar project for Bihar

Posted on:11 Jul 2018 13:00:07
Asian Development Bank approved 503 million US Dollar project for Bihar
11 July 2018 Current Affairs: This loan is used for the lining project of the Son canal in Shahabad-Bhojpur region of Bihar which would benefit the agriculture sector immensely in the region.

The estimated cost of the project is US $503 million out of which 352 million dollars is being provided by ADB (Asian Development Bank).

About Asian Development Bank:-

♦ Established on:-  19 December 1966

♦ Headquartered in:- Manila, Philippines

♦ President: Takehiko Nakao

♦ Membership: 67 countries

♦ Purpose: Economic development
This loan is used for the lining project of the Son canal in Shahabad-Bhojpur region of Bihar which would benefit the agriculture sector immensely in the region.

The estimated cost of the project is US $503 million out of which 352 million dollars is being provided by ADB (Asian Development Bank).

About Asian Development Bank:-

♦ Established on:-  19 December 1966

♦ Headquartered in:- Manila, Philippines

♦ President: Takehiko Nakao

♦ Membership: 67 countries

♦ Purpose: Economic development

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