K'taka govt in USD 350m pact with WB for roads development

Karnataka Government today signed an agreement with Centre and World Bank for securing USD 350 million loan assistance for implementing roads development under K-SHIP-II project.

May 30, 2011 / 17:21 IST

Karnataka Government today signed an agreement with Centre and World Bank for securing USD 350 million loan assistance for implementing roads development under K-SHIP-II project.

Chief Minister B S Yeddyurappa, in whose presence the agreement was signed, said the state would develop 3,411 kms of state highway with the World Bank assistance. Under K-SHIP-I, the state has upgraded 2,385 kms of roads in the state, he said.

The agreement was signed by Union Department of Economic Affairs Joint Secretary Venu Rajamony and Subhashchandra Kunita, state's principle secretary for Public Works Department.

Hubert Nove-Josserand, the Operation Advisor to World Bank in India, was also present.

first published: May 30, 2011 03:41 pm

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