India, AIIB sign 329 mln USD loan for Gujarat Road Project
August 5th, 2017
India signed a loan agreement with Asian Infrastructure Investment Bank (AIIB) for providing loan of 329 million U.S. dollars to improve rural road connectivity in western state of Gujarat. The objective of the project is to improve the rural road connectivity and accessibility to 1,060 villages in all the 33 districts in Gujarat state benefiting about 8 million people. The project will also benefit the service providers such as public transport operators, educational institutions, hospitals, local markets and traders.