Central government and World Bank sign agreement for $500 million green highways project

January 25, 2021

The central government has signed a $500 million loan agreement with the World Bank to develop safe and green national highway corridors in Rajasthan, Andhra Pradesh, Himachal Pradesh and Uttar Pradesh. The Green National Highways Corridors project will support the MoRTH in constructing 783 km of highways by integrating technology designs such as local and marginal materials, industrial by-products, and other bioengineering solutions. In order to ensure that the infrastructure investments are climate resilient, a disaster risk assessment of about 5,000 km of the national highway network will also be undertaken with support from the MoRTH. The loan has a tenor of 18.5 years along with a five-year grace period.