Road Highway
Injecting a major financial booster to the country’s road sector, the World Bank in a recent move has agreed to invest a staggering sum worth $ 500 million in the National Highways Inter-connectivity Improvement Project (NHIIP) and an agreement to this effect has recently been signed between the Government of India and the World Bank, said official sources, claiming that the latest funding infusion has been aimed at improving the National Highway network connectivity to less developed states and enhance institutional capacity of Ministry of Road Transport and Highways to better manage the highway network across the country. The agreement was signed by Joint Secretary in the Ministry of Finance Nilaya Mitash and World Bank Operations’ Advisers in India Michael Haney. In fact, the project comprises upgrading about 1120 kilometres of existing single or intermediate lanes of the national highways in three low income States (Bihar, Orissa and Rajasthan) and in less developed regions of two middle income States (Karnataka and West Bengal) and that the ministry of road transport and highways, Government of India, is the implementing agency for the project, they added.