Current Affairs Exam

To repair badly damaged roads in the state, the government has decided to secure Rs 2,200 croreloanfrom nationalized banks.

The is gearing up to launch strengthening and maintenance works for 9,000 km roads after securing the bank loan. The government is making special arrangements to clear bills of contractors through banks to avoid delay.

Krishnababu also said that they would be shortly launching the works proposed with New Development Bank (NDB) loan of Rs 6,480 crore. He said that all the roads from district headquarter city to the mandal headquarter town would be converted intotwo-lanewith new alignments and facilities.
He said that they would begin the first phase works with Rs 2,970 crore in a couple of months. He said that the chief minister had also agreed to open a separate bank account to handle the loan amount to be released by the NDB as per the advice of the Centre.

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