Asian Development Bank (ADB) is planning to
increase its assistance to Indian projects to $3 billion annually. The bank will
invest in infrastructure projects -- including energy, urban development, rail freight corridor, roads and airways.
India has requested ADB to review the bank's project
financing procedures in India and to support the viability gap in the NHDP
(Phase III) project.
The Indian road ministry has proposed relaxation of ADB's
pre-qualification criteria of contractors based on the experience of the lead
partner and leading to a tilt towards foreign companies.