PROCUREMENT NEWS

INDIA : ADB to fund Rs 350-cr flyover projects in J&K

Published 11 Oct 2011

The Asian Development Bank (ADB) will fund the construction of Rs 350-crore flyover projects in Jammu and Kashmirs twin capitals - Srinagar and Jammu - under its loan-II assistance to the state.

According to an official spokesman, a joint team of the Union Department of Economic Affairs and ADB agreed in principal to fund the twin flyover projects at a meeting with Chief Minister Omar Abdullah.

RITES conducted the traffic mobility study in relation to the construction of these projects.

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