ADB to focus on India’s transport and energy sector for 2008-10

ADB to focus on India’s transport and energy sector for 2008-10
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First Published: Sun, Feb 03 2008. 11 27 AM IST
Updated: Sun, Feb 03 2008. 11 27 AM IST
PTI
New Delhi: Multilateral lending agency Asian Development Bank’s focus in India will be on the transport and energy sectors during the period 2008-10.
In terms of loan amounts, these woud be the target sectors, according to an ADB report ‘India: Country operations business plan 2008-10´.
Transport and energy, which accounts for about 36% and 26% respectively of the total loan amount allocated, are followed by urban sector (including tourism at 16%) and governance and finance related projects (11%).
The transport projects include Bihar and Jharkhand state roads investment programmes ($500 million and $200 million respectively), North Eastern Roads Investment Programme ($300 million), Rural Roads Sector III Investment Programme ($700 million), Jammu and Kashmir State Roads Investment Programme ($200 million).
ADB’s transport project aims to to improve the transport connectivity in these states. The lending agency has also approved about $2.9 billion for the year 2008, $3.1 billion for 2009 and $3.2 billion for 2010, the report said.
A total of 31 firm loans have been programmed over the next three years -- 10 in 2008 and another 10 in 2009 and 11 in 2010, the report added.
For 2008, the funding agency has approved a loan of about $2.9 billion for different projects, including agri-business and infrastructure development plans in Bihar and Maharashtra. They also include Integrated Irrigated Agriculture and Water Management in Orissa.
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First Published: Sun, Feb 03 2008. 11 27 AM IST
More Topics: ADB | energy | transport | funding | India |