WB approves 350 Million for road project in Karnataka

Friday, 25 March 2011, 17:47 IST
Printer Print Email Email
Washington: The World Bank has approved $350 Million loan to accelerate the development of Karnataka's core road network through the Second Karnataka State Highway Improvement Project (KSHIP II). The Government of Karnataka has identified about 25,000 km of the most important traffic corridors and designated them as the state's core road network. The Second Karnataka State Highway Improvement Project (KSHIP II) will finance improvements in 1,231 km of roads into two lanes. This Project follows the first $360 Million Karnataka State Highway Improvement Project (KSHIP I) implemented from 2001 to 2007 which has improved and maintained 2,385 km of State Highways and Major District Roads. Under this Project, while the share of state highways which are under good condition has increased from 5 percent to 35 percent, the travel time in key road corridors has decreased by 37 percent.
Source: PTI