Jharkhand Government and Asian Development Bank (ADB) today signed a Loan and Project Agreement worth Rs 1,500 crore in New Delhi, an official release said here.
While the Centre and ADB signed the Loan Agreement, Jharkhand and ADB signed the Project Agreement under the second phase of the project for construction of 176.6 km road, the release said.
The Project Agreement signed under the second Jharkhand State Road Project construction of four proposed roads are Khunti-Tamar (43.7 km), Gobindpur-Tundi-Giridih (43.5 km), Giridih-Jamua-Sarvan (45.2 km) and Dumka-Hansdiha (44.2 km), it said adding, the project would connect the backward regions of the state while helping economic activity and growth.
The project would become a mile stone in the development of the state, the release said.
Jharkhand Chief Secretary Rajbala Verma and Secretary of Road Construction Department M R Meena represented the state, while Teresa Kho represented ADB and Joint Secretary (Economic Affairs) Rajkumar represented the Centre, the release said.
