Rajasthan, India, Secures World Bank Financing to Advance Highway Modernization Project

en.Wedoany.com Reported - Rajasthan, India, has launched a highway modernization project with $225 million in financing support from the World Bank. By upgrading approximately 800 kilometers of highways, the project aims to alleviate constraints on economic growth caused by lagging transportation infrastructure, and is expected to benefit over 3 million people.

The Rajasthan Highway Modernization Project introduces India's first stepped loan structure to ease early-stage financing pressure and plans to mobilize nearly $295 million in private capital. The project adopts a "Roads as a Service" model, focusing on safety, reliability, and user experience rather than merely construction milestones.

The project will enhance connectivity along economic corridors, boosting regional competitiveness, particularly in mining, manufacturing, and tourism. A digital traffic system will be deployed on 250 kilometers of high-risk road sections to improve road safety. Paul Pross, World Bank Acting Country Director for India, stated: "This project will ensure more women and young people can seamlessly access job locations along economic corridors, enhancing industrial competitiveness and tourism."

The Rajasthan Highway Modernization Project combines financial innovation with institutional reforms, providing a reference for infrastructure development in India. Renu Aneja, Task Team Leader for the project, noted that through the "Roads as a Service" approach, the focus shifts to a service delivery model, supporting performance-based management and road safety.

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