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World Bank approves $US1.5 bln loan to India

01-15-2011 09:15 BJT

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The World Bank will provide a loan worth around 1.5 billion US dollars to India, to help the country build roads in several rural, economically poor and mountainous states.

World Bank President, Robert Zoellick, signed the formal agreement with India's federal Minister of Finance Pranab Mukherjee in New Delhi.

The loan will cover a rural road project that is expected to be 24-thousand-kilometre long.

It will also support projects to improve agricultural activities, to reduce the risk of cyclones and infrastructure, and to sustain high growth rates.




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Editor:Zhang Pengfei |Source: CNTV.CN

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