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Govt of Kerala signs pact with World Bank for road project

Thursday, 20 Jun 2013
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The government of Kerala has signed a pact with World Bank for $ 216 million (approx Rs 1,268.78 crore) loan for Kerala State Transport Project.


The agreement has been signed between the Central Government, Kerala Government and World Bank to improve road conditions, traffic flow and road safety in the state.

 

Kerala State Transport Project will upgrade 363 km of strategically important state highways to complete network connectivity in the state. It will support the strengthening of the road safety management systems in Kerala with the objective of arresting the increase of crash fatalities in the state.


This fund will finance various initiatives on the work already undertaken during the first project including a safe corridor demonstration project, implementation of a local level challenge fund, and advisory support for road safety activities. It will also work towards improving sustainability of Kerala's state road network with respect to its functional adequacy, financial viability and capacity of key state road sector institutions to deliver road infrastructure and services responsive to road user needs.


The projects will be set up over a period of six years.


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