{"id":24503,"date":"2021-01-06T16:53:22","date_gmt":"2021-01-06T11:23:22","guid":{"rendered":"https:\/\/newsmakhani.com\/?p=24503"},"modified":"2021-01-07T16:57:30","modified_gmt":"2021-01-07T11:27:30","slug":"government-of-india-and-ndb-sign-2-loan-agreements","status":"publish","type":"post","link":"https:\/\/newsnarad.com\/hi\/government-of-india-and-ndb-sign-2-loan-agreements\/","title":{"rendered":"Government of India and NDB sign 2 loan agreements"},"content":{"rendered":"

\u0915\u094d\u0937\u092e\u093e \u0915\u0930\u0947\u0902, \u092f\u0939 \u0938\u092e\u093e\u091a\u093e\u0930 \u0906\u092a\u0915\u0947 \u0905\u0928\u0941\u0930\u094b\u0927 \u0915\u0940 \u092d\u093e\u0937\u093e \u092e\u0947\u0902 \u0909\u092a\u0932\u092c\u094d\u0927 \u0928\u0939\u0940\u0902 \u0939\u0948\u0964 \u0915\u0943\u092a\u092f\u093e \u092f\u0939\u093e\u0901 \u0926\u0947\u0916\u0947\u0902\u0964<\/a><\/p>

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Government of India and NDB sign 2 loan agreements<\/h4>\n

January 6th<\/p>\n<\/div>\n

The Government of India, the Government of Andhra Pradesh, and the New Development Bank (NDB) signed loan agreements of up to USD 323 million each for 2 projects. The first project \u2013 Andhra Pradesh Roads and Bridges Reconstruction Project \u2013 comprises widening 1,600 km of State Highways to double lane and reconstructing dilapidated bridges on the State Highway network. The second project \u2013 Andhra Pradesh Mandal Connectivity and Rural Connectivity Improvement Project \u2013 comprises widening 1,400 km of district roads to double lane and reconstructing dilapidated bridges on the district road network. The Government of Andhra Pradesh will implement the Projects through the Roads and Buildings Department. The 2 projects are said to improve mobility and connectivity to the socioeconomic centres, enhance transport efficiency, improve road safety and riding quality, and give all weather accessibility for the State’s road users. The projects would increase the roads’ daily traffic capacity to 15,000 passenger car units, which is expected to meet the projected traffic growth over the next 20 years.The agreement was signed by Shri\u00a0Baldeo Purushartha,<\/strong>\u00a0Joint Secretary, Department of Economic Affairs, Ministry of Finance on behalf of the Government of India, Shri\u00a0M. T. Krishna Babu<\/strong>,<\/strong>\u00a0Principal Secretary, Transport, Roads and Buildings Department on behalf of the Government of Andhra Pradesh and\u00a0Mr. Xian Zhu,<\/strong>\u00a0Vice President, and Chief Operations Officer on behalf of the NDB.<\/div>\n

“India is committed to sustainable development and inclusive growth,”\u00a0said Shri\u00a0<\/strong>Baldeo Purushartha,<\/strong>\u00a0Joint Secretary, Department of Economic Affairs, Ministry of Finance, Government of India.\u00a0“The projects will contribute to the development of state infrastructure, <\/em>better road connectivity and safety, and provide connectivity between adjoining Mandal headquarters and rural areas. <\/em>The projects will also have a positive impact on employment generation and economic well being.”<\/em><\/p>\n

“<\/em>The projects will expand the capacity of roads with high vehicular traffic, improve last mile connectivity to ports and industrial hubs and better connectivity to rural areas contributing to the enhanced socioeconomic development of the State of Andhra Pradesh. NDB funding shall help to bridge the funding gap for road infrastructure development and will support the Government of Andhra Pradesh in its goal to enhance connectivity between socioeconomic centres”\u00a0said\u00a0Mr. Xian Zhu.<\/strong><\/p>\n

The NDB was made based on the Inter-Governmental agreement among the BRICS countries (Brazil, the Russian Federation, India, China, and South Africa) signed on July 15, 2014. The Bank’s purpose is to mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging market economies and developing countries. The tenor of each loan is 32 years, including a moratorium period of 5 years.<\/p>\n

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\u0915\u094d\u0937\u092e\u093e \u0915\u0930\u0947\u0902, \u092f\u0939 \u0938\u092e\u093e\u091a\u093e\u0930 \u0906\u092a\u0915\u0947 \u0905\u0928\u0941\u0930\u094b\u0927 \u0915\u0940 \u092d\u093e\u0937\u093e \u092e\u0947\u0902 \u0909\u092a\u0932\u092c\u094d\u0927 \u0928\u0939\u0940\u0902 \u0939\u0948\u0964 \u0915\u0943\u092a\u092f\u093e \u092f\u0939\u093e\u0901 \u0926\u0947\u0916\u0947\u0902\u0964 Government of India and NDB sign 2 loan agreements January 6th The Government of India, the Government of Andhra Pradesh, and the New Development Bank (NDB) signed loan agreements of up to USD 323 million each for 2 projects. The […]<\/p>\n","protected":false},"author":6,"featured_media":24504,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[122],"tags":[13684],"class_list":{"0":"post-24503","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"tag-government-of-india-and-ndb-sign-2-loan-agreements"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsnarad.com\/hi\/wp-json\/wp\/v2\/posts\/24503","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsnarad.com\/hi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsnarad.com\/hi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsnarad.com\/hi\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/newsnarad.com\/hi\/wp-json\/wp\/v2\/comments?post=24503"}],"version-history":[{"count":0,"href":"https:\/\/newsnarad.com\/hi\/wp-json\/wp\/v2\/posts\/24503\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsnarad.com\/hi\/wp-json\/wp\/v2\/media\/24504"}],"wp:attachment":[{"href":"https:\/\/newsnarad.com\/hi\/wp-json\/wp\/v2\/media?parent=24503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsnarad.com\/hi\/wp-json\/wp\/v2\/categories?post=24503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsnarad.com\/hi\/wp-json\/wp\/v2\/tags?post=24503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}