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Patna, (Bihar Times): The World Bank has agreed to
provide a loan of Rs eight billion in the 2007-08
financial year for development of Bihar while the
Asian Development Bank (ADB) has approved a loan of
Rs.16.54 billion to build nine state highways
measuring 820 km.
According to the deputy chief minister, Sushil Kumar
Modi, the state in all likelihood would receive a
World Bank loan soon at the interest rate of just
about two percent on a long-term repayment basis under
the Bank’s development policy loans. The World Bank
would take a decision on this at its board meeting
scheduled later this month.
Similarly, according to the state’s road construction
minister, approval of the ADB loan has been received
for work on the proposed nine state highways.
It needs to be mentioned that the Japan Bank of
International Cooperation has also offered to provide
funds worth Rs 56 billion for the construction of
four-lane roads along the Buddhist circuit of Bihar.
The circuit would connect Buddhist shrines in Bodh
Gaya, Nalanda and Rajgir.
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