The Asian Development Bank (ADB) is going to provide Rajasthan USD 500 million loan (about Rs 3,238 crore) in tranches for improving road transport in the state.

ADB has said in a release that the Rajasthan State Highway Investment Programme will upgrade about 2,000 kilometers of state highways and major district roads to two-lane or intermediate-lane standards to meet national road safety requirements.

Chen Chen, an ADB Senior Transport Specialist has said that “Through an approach of public-private partnerships, the investment programme will vastly improve connectivity, allowing grater access to jobs, markets, services and social opportunities in Rajasthan.”

Read EquityPandit’s Technical Analysis of Indian Stock Market