An agreement for credit of US$ 160 million (equivalent) from World Bank for the Rajasthan Road Sector Modernisation Project was signed today at New Delhi by Mr. Nilaya Mitash, Joint Secretary, Department of Economic Affairs Ministry of Finance o n behalf of the Government of India and Mr. Manoj Jain, Acting Director, New Delhi Office on behalf of World Bank.

Similarly the Project Agreement was signed by Mr. J.C.Mohanty, Principal Secretary, Public Works Department on behalf of Government of Rajasthan.

The Objective of the project is to improve rural connectivity, enhance road safety and strengthen road sector management capacity of the state of Rajasthan.

Project Components: The new project has three main components: (i) Rural Connectivity Improvement; (ii) Road Sector Modernisation and Performance Enhancement; (iii) Road Safety Management.

The closing date of RRSMP is December 2018

Credit agreement secures international funding for Rajasthan road modernisation to improve rural connectivity and road safety. A Credit Agreement and Project Agreement were signed by authorised government and lending institution representatives to finance the Rajasthan Road Sector Modernisation Project, aimed at improving rural connectivity, enhancing road safety and strengthening road sector management capacity. The Project comprises three components-Rural Connectivity Improvement; Road Sector Modernisation and Performance Enhancement; and Road Safety Management-and provides a specified implementation timeframe with a scheduled closing date in December 2018.