Question: On 22 December 2020; The Government of India and the World Bank has signed a project deal of how much amount to build safe and green national highway corridors?
a) $ 200 million
b) $ 100 million
c) $ 800 million
d) $ 500 million
Answer: (d)
Related Facts:-
- On 22 December 2020; The Government of India and the World Bank has signed a $500-million project to build safe and green national highway corridors.
- These corridors will be developed in Rajasthan, Himachal Pradesh, Uttar Pradesh and Andhra Pradesh.
- The $500-million loan from the International Bank for Reconstruction and Development-IBRD (World Bank).
- The project will also enhance the capacity of the Ministry of Road Transport and Highways (MoRTH) in mainstreaming safety and green technologies.
- The Green National Highways Corridor Project will support MoRTH to construct 783 km of highways in various geographies in the country.
- These projects will integrate safe and green technology designs such as local and marginal materials, industrial by-products and other bioengineering solutions.
- The project will help reduce GHG (greenhouse gas) emissions in construction and maintenance of highways.
- The loan has a maturity of 18.5 years, including a grace period of five years.
By – Rajesh Triapthi