India signs loan agreement with AIIB for Financing of US$ 329 million for Gujarat Rural Roads Project

Posted on:05 Aug 2017 10:27:04
India signs loan agreement with AIIB for Financing of US$ 329 million for Gujarat Rural Roads Project
05 August 2017 Current Affairs: The Government of India/ Government of Gujarat signed US$ 329 million Loan and Project Agreements with Asian Infrastructure Investment Bank (AIIB) for or Gujarat Rural Roads Project.

The objective of Gujarat Rural Roads Project is to improve the rural road connectivity and accessibility by providing all weather road connectivity to 1,060 villages in all the 33 districts in Gujarat.

This project will benefit nearly 8 million people in Gujarat.

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