The Government of India and the Asian Development Bank (ADB) India signed here recently an agreement for a $350 million loan to upgrade district roads in the state of Madhya Pradesh.(…)
The project will have innovative elements like creation of State Highways Fund on PPP model, toll plus annuity on hybrid model of BOT (Toll) & BOT (Annuity), Border Checkposts, also on PPP model to increase the revenue and control overloading and damage to state roads.