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    <title>India Signs Loan Agreements with World Bank for IBRD Assistance of Us $ 175 Million for Second Gujarat State Highways Project</title>
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    <description>A loan provides IBRD assistance to modernize highway financing and institutions, improve asset management, and strengthen road safety, directly improving about 625 km of core state roads to benefit local businesses, inhabitants and road users. The project has three components-Highway Improvement; Sector Policy and Institutional Development; and Road Safety Management-and includes innovations such as expanded contracting approaches, an IBRD guarantee for PPP credit enhancement, integrated safety in asset management, institutional development, inter-agency coordination, and a green highway pilot, with the state Department of Roads &amp; Building as implementing agency over five years.</description>
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