ADB, India Sign £1.57 Million Loan to Improve  International Trade Corridor in North-East - EasternEye

ADB, India Sign £1.57 Million Loan to Improve  International Trade Corridor in North-East


The Asian Development Bank (ADB) and the Indian government signed a £1.57 million loan on Monday (1) to finance continued improvements to road connectivity and efficiency of the International Trade Corridor in West Bengal and north-eastern region of India. The signatories to the Tranche 2 Loan Agreement for the £5.25m South Asia Sub-regional Economic Cooperation Road Connectivity lnvestment Program were additional secretary Sameer Kumar Khare, the ministry of finance and Kenichi Yokoyama, country director of ADB’s India Resident Mission, said India’s ministry of finance in a statement. Approved in 2014, the program aims to expand about 500 kilometers of roads in…

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