Finmin, ADB review 55 projects worth USD 13.5 bn

Press Trust of India  |  New Delhi 

The Ministry and Asian Development (ADB) jointly reviewed 55 projects worth USD 13.5 billion financed by the multilateral lender.

Over 150 officials of the central and state governments, including project directors and ADB staff, participated in the meeting recently held in Bengaluru, the ministry said in a release today.


"As of October 2017, ADB's projects under implementation for comprise 55 projects amounting to USD 13.5 billion of which works worth USD 9.6 billion is ongoing...," it said.

ADB primarily focuses its assistance in on three infrastructure sectors - energy, transport and urban infrastructure and services, it said.

The meeting also accorded the best project implementation performance awards to Power Transmission and Distribution System Improvement Project, Environmental Improvement Investment Program (Tranche-1) and Emergency Assistance Project.

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First Published: Fri, November 03 2017. 21:22 IST