Economy

Bihar Cabinet approves $500 million loan from World Bank for strengthening urban centres

Asia / India0 views1 min
Bihar Cabinet approves $500 million loan from World Bank for strengthening urban centres

The Bihar Cabinet approved a $500 million loan from the World Bank to strengthen urban centres and develop integrated urban economic zones. The cabinet also approved ₹15,967 crore for road maintenance, which will use AI and Machine Learning.

The Bihar Cabinet, chaired by Chief Minister Samrat Choudhary, approved a $500 million loan from the World Bank to strengthen urban centres. The state cabinet also decided to transfer 1.85 acres of BIADA land to the Airports Authority of India for Patna airport development. ₹15,967 crore was approved for maintaining 19,305 km of roads, using AI and Machine Learning. The cabinet also approved an increase in cash gap subsidy for operating 400 electric AC buses under PM-eBus Sewa. Other decisions included renaming a medical college, approving erosion control projects along the Ganga river, and extending agreements with various agencies.

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