With which of the following banks has the Government of India signed a $500 million project to build safe and green national highway corridors in Rajasthan, Himachal Pradesh, Andhra Pradesh and Uttar Pradesh?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3. i.e. World Bank.
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The Government of India and the World Bank have signed an agreement for the Green National Highway Corridors Project, with loan assistance of $500 million against total project cost of $1,288.24 million (Rs 7,662.47 crore).
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The objective of the green highway corridor is to demonstrate safe and green highways keeping in view climate resilience and the use of green technologies by incorporating the provisions of conservation of natural resources