World Bank News Release: Loan and Credit Summary
WASHINGTON, May 25, 2018 - The World Bank’s Board of Executive Directors today approved the following project:
Additional Financing for Pradhan Mantri Gram Sadak Yojana (PMGSY) Rural Roads Project
IBRD Loan: US$ 500 million
Terms: Maturity = 10 Years, Grace = 3 Years
Project ID: P165402
Project Description: The program development objective is to build 7,000 km of climate resilient roads, out of which 3,500 km will be constructed using green technologies.
