Just a moment...

Top
Help
×

By creating an account you can:

Logo TaxTMI
>
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
RelevanceDefaultDate
    No Records Found
    ❯❯
    MaximizeMaximizeMaximize
    0 / 200
    Expand Note
    Add to Folder

    No Folders have been created

      +

      Are you sure you want to delete "My most important" ?

      NOTE:

      News
      Showing Results for :
      Reset Filters
      Results Found:
      AI TextQuick Glance by AIHeadnote
      Show All SummariesHide All Summaries
      No Records Found

      News

      Back

      All News

      Showing Results for :
      Reset Filters
      Showing
      Records
      ExpandCollapse
        No Records Found

        News

        Back

        All News

        Showing Results for : Reset Filters
        Case ID :

        Government of India and ADB Sign $500 Million Loan to Help Build Longest River Bridge Across the Ganges River in India to Improve the Transport Connectivity Between North and South Bihar and Better Link Between the State Capital, Patna, and the Surrounding Areas

        November 16, 2016

        📋
        Contents
        Note

        Note

        -

        Bookmark

        print

        Print

        Login to TaxTMI
        Verification Pending

        The Email Id has not been verified. Click on the link we have sent on

        Didn't receive the mail? Resend Mail

        Don't have an account? Register Here

        The Asian Development Bank (ADB) and the Government of India today signed a $500 million loan to build a 9.8 km long road bridge across the Ganges River to improve transport connectivity between North and South Bihar and for better link between the State Capital, Patna, and the surrounding areas. This will be India’s longest river bridge.

         The new Ganga Bridge, to be located near Patna, will span both channels of the Ganges River and serve as an alternate route to the existing Ganga Bridge. The project will also build viaducts, embankments, and toll and service facilities, and will link to national highway networks.

        The signatories to the loan agreement for the Bihar New Ganga Bridge Project were Mr. Raj Kumar, Joint Secretary (Multilateral Institutions), Department of Economic Affairs, Ministry of Finance, Government of India who signed on behalf of the Government of India, and Mr. L. B. Sondjaja, Deputy Country Director of ADB’s India Resident Mission, who signed for ADB. The Project Agreement was signed by Mr. Jayant Kumar Singh, Joint Secretary, Finance Department, Government of Bihar, and Mr. Pankaj Kumar, Managing Director, Bihar State Road Development Corporation.

        After signing the loan agreement, Mr. L. B. Sondjaja, Deputy Country Director of ADB’s India Resident Mission said that the new Ganga Bridge will significantly reduce travel time to Patna from the surrounding regions, in particular north Bihar, which will ease access of people to state’s administrative and social services. He further said that the bridge is expected to benefit over 9 million people.

        Speaking on the occasion, Mr Raj Kumar, Joint Secretary (Multilateral Institutions), Department of Economic Affairs, Ministry of Finance, Government of India said that the construction of the bridge would be a major landmark for the State of Bihar and will be a crucial link between North and South Bihar which is divided by the Ganges River. Her said that the bridge will be a boon for the inhabitants of Raghopur Diara river island who will gain year-round road access. Currently, the 250,000 inhabitants of the island rely on boats and a seasonal pontoon bridge as their only links to Patna.

        Bihar, the third most populous State in India with over 100 million inhabitants, has poverty levels above the national average, with seven out of 10 of the state’s poorest districts located in the north. Traffic volumes are rising but there are only four operational bridges along the 200 km stretch of the Ganges River that pass through Bihar state, and the capacity of existing bridges is already stretched, undermining connectivity and access to opportunities for northern communities.

        The bridge, using state-of-the-art engineering techniques, will be the first of its kind in India. The height and length have been designed to minimize impacts on the river itself and to ensure the bridge will be able to withstand climate-related stresses such as a rise in the water level.

        Along with ADB’s loan and $900,000 in technical assistance to improve bridge operation and management, the state government of Bihar will provide support equivalent to $215 million. The project is expected to be completed by the end of December 2020.

        Infrastructure financing enables construction of longest Ganges river bridge, improving north-south Bihar connectivity and access. ADB and the Government of India entered a loan agreement to finance the Bihar New Ganga Bridge Project, providing international project financing for construction of a 9.8 km road bridge across the Ganges near Patna to improve transport connectivity between North and South Bihar. The project comprises the main bridge, viaducts, embankments, toll and service facilities, and highway connections, and includes technical assistance and a state government co-financing contribution.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Infrastructure financing enables construction of longest Ganges river bridge, improving north-south Bihar connectivity and access.

                                ADB and the Government of India entered a loan agreement to finance the Bihar New Ganga Bridge Project, providing international project financing for construction of a 9.8 km road bridge across the Ganges near Patna to improve transport connectivity between North and South Bihar. The project comprises the main bridge, viaducts, embankments, toll and service facilities, and highway connections, and includes technical assistance and a state government co-financing contribution.





                                Note: It is a system-generated summary and is for quick reference only.

                                Topics

                                ActsIncome Tax
                                No Records Found