Friday 19th April 2024
In a move enhancing rural connectivity in Nepal, the Asian Development Bank (ADB) has agreed to provide a USD 100 million assistance to the country under the Rural Connectivity Improvement Project.
ADB Nepal Director Mukhtor Khamudkhanov and the Secretary at Nepali Ministry of Finance Shankar Prasad Adhikari signed a loan agreement in this regard on behalf of Government of Nepal and ADB, on February 12, 2018.
This project involving ADB loan is aimed at enhancing infrastructure facilities in road, agriculture, among other sectors across rural areas of Nepal.
The projects to be covered include upgrading of roads across 388 kilometers to all-weather conditions, adding to the development of the country’s agriculture sector and ensuring ease of access to around 7.5 million people in 16 districts.
The project intends to boost transport connectivity through improved road connectivity across the selected rural communities and areas with good agriculture production.
This program is part of the government’s Agriculture Development Strategy signed in 2015 towards encouraging commercial agriculture, enhancing agriculture productivity, job creation for rural public and ensuring overall development.
Besides, in another project to be completed by January 31, 2023, ADB has also agreed to provide a USD 1 million aid for transforming the Department of Local Infrastructure Development and Agricultural Roads into a state-of-the-art rural road agency.
On the occasion, Finance Secretary Adhikari appreciated ADB for its continued support for the overall development of Nepal.
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