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    <title>India Signs Loan Agreement with ADB for US $350 Million Loan to Upgrade District Roads in State of Madhya Pradesh</title>
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    <description>Loan agreement provides financing to upgrade about 1,600 kilometers of major district roads through reconstruction, widening, surface improvements and strengthening of culverts and bridges, and integrates an accident response system. The project introduces a State Highways Fund on a PPP model and hybrid toll-plus-annuity BOT concessions, includes five-year performance-based maintenance contracts linked to construction, and is co financed by the state government with a defined completion timeframe.</description>
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