The government will seek an additional $2 billion loan from the World Bank for road development projects, Transport Minister Kamal Nath said today.
"We are looking at further borrowing from the World Bank, we have already posed a proposal for $3 billion and are looking at an additional $2 billion for road projects spread over the next 3-4 years," Nath told PTI emerging from a meeting of an Empowered Group of Ministers for the road sector.
The ministry is also looking at various options to raise Rs 3 lakh crore that would be invested in road developments projects over financial year 2010-11, he said.
Nath had last week said that negotiations for the $3 billion loan from World Bank is "now in an advanced stage".