Wednesday, Jan 29 2020 | Time 04:56 Hrs(IST)
  • Shah exhorts to resolve forest clearance, banking facility in each village
  • Chinese FM says China to enhance int'l cooperation over battle against epidemic
  • MPHC applies brakes on OBC quota
  • US peace deal for middle east aims to erase Palestine's national project : Hamas
  • MP CM to inaugurate Cargo Terminal
Business Economy

ADB, India sign USD 190 million loan for improving road connectivity in Rajasthan

New Delhi, Oct 12 (UNI) The Asian Development Bank and the Government of India have signed a USD 190 million loan to upgrade 754 kilometres of state highways and major district roads (MDRs) to two-lane or intermediate-lane standards.
The move will benefit about 26 million people in 14 districts of Rajasthan.
For the benefit of commuters and pedestrians, particularly women and children, the project provides for constructing more than 200 bus stops, 70 km of hard shoulder, and 2 km of raised sidewalk on project roads.
The signatories to the Tranche 2 loan agreement for the Rajasthan State Highway Investment Programme were Mr Sameer Kumar Khare, Additional Secretary (Fund Bank and ADB), Department of Economic Affairs in the Ministry of Finance and Mr Kenichi Yokoyama, Country Director of ADB’s India Resident Mission, who signed for ADB.
The Tranche 1 loan of USD 220 million under the Programme, signed in July 2017, upgraded about 1,000 km of state roads.
Mr Khare said after signing the loan agreement that the Tranche 2 roads pass through mostly rural areas of Rajasthan that lack reliable connectivity and will help improve access to health, education facilities and markets leading to increased job opportunities.
Mr Yokoyama emphasised to promote operational efficiencies and innovations and said that the project will encourage participation of private sector through Hybrid Annuity Mode and engineering procurement construction (EPC) contracts.
The ADB value-addition will consist in financing part of the construction costs for the annuity-based public private partnership concessions and EPC contracts and ensure good governance during project implementation, particularly on procurement and safeguards.
The annuity-based PPP model attracts private sector financing to address capital investment requirements, where a proportion of initial capital expenditure is paid during construction while the balance is serviced by annuity payments during the operation and maintenance phase.
The toll collection rights will remain with the state public works department to bring sustainability in operation and maintenance of the project, according to a statement here on Saturday.
More News

Trilliant and MultiTech to Deliver Transformative Solutions for Industrial Internet of Things and Smart Cities

28 Jan 2020 | 10:10 PM

Partnership to provide superior operational performance, enhanced sustainability, resource management, and overall improvement in the quality of life for citizens

SAN ANTONIO, Jan 28, 2020 /PRNewswire/ - Trilliant Networks, Inc., a global provider of revolutionary smart communications solutions in the industrial internet of things (IIoT), smart energy and smart city space, today announces that they have partnered with MultiTech, a leading provider of Industrial Internet of Things solutions, to deliver easy to deploy, end-to-end solutions optimized to drive business outcomes in the IIoT, smart energy and smart city markets.

see more..

TKM Bidadi plant now fully BSVI Manufacturing Facility

28 Jan 2020 | 9:32 PM

Bengaluru, Jan 28 (UNI) Toyota Kirloskar Motor (TKM) announced on Tuesday that its manufacturing plant in Bidadi has transitioned to a 100 per cent BS VI compliant vehicle manufacturing facility.

see more..

AACSB Announces 2020 Class of Influential Leaders

28 Jan 2020 | 9:28 PM

Fifth annual Influential Leaders challenge recognizes 25 outstanding business school graduates

TAMPA, Florida, Jan 28, 2020 /PRNewswire/ - AACSB International (AACSB)—the world's largest business education alliance—today announced its 2020 Class of Influential Leaders, a group of 25 business school alumni whose inspiring work serves as a model for the next generation of business leaders.

see more..

The Smarter Way to Clean

28 Jan 2020 | 9:26 PM

New Polaris® ALPHA™ iQ+ and ALPHA™ iQ provide the ultimate in robotic cleaners with customized cleaning technology

SAN DIEGO, Jan 28, 2020 /PRNewswire/ - Fluidra®, a leading manufacturer of innovative automatic pool cleaners and pool equipment, introduces the NEW Polaris ALPHA iQ+ and ALPHA iQ robotic pool cleaners to its industry-leading lineup for the 2020 pool season. Created to satisfy customer's demand for greater convenience and cutting-edge performance, these cleaners are designed with internal intelligence that makes cleaning easier and more customized than ever.

see more..

Guardknox Applauded by Frost & Sullivan for Optimizing Automotive Cybersecurity to Help OEMs Develop Personalized and Secure Vehicles

28 Jan 2020 | 9:09 PM

The company's impressive investor portfolio helps it deliver a customized, safe, and richer driving experience to vehicle owners all over the world

SANTA CLARA, California, Jan 28, 2020 /PRNewswire/ - Based on its recent analysis of the global automotive cybersecurity solutions market, Frost & Sullivan recognizes Guardknox Cyber Technologies Ltd. with the 2020 Global Visionary Innovation Leadership Award for leveraging its innovative solutions to address the cybersecurity and high-performance computing needs of the automotive industry. The GuardKnox team brings decades of experience in providing solutions to the critical assets of the state of Israel, including the Iron Dome, Arrow III, and F-35 fighter jet. As an automotive industry cybertech tier supplier of secure, high-performance computing solutions, GuardKnox aims to empower OEMs to deliver the next generation of protected, connected vehicles.

see more..