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    <title>Government of India, Government of Himachal Pradesh and World Bank sign $82 million loan for implementation of Himachal Pradesh State Roads Transformation Project</title>
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    <description>The Governments of India and Himachal Pradesh and the World Bank executed a loan agreement to finance the Himachal Pradesh State Roads Transformation Project, conditioned on institutional reforms, engineering and nature-based measures for climate and disaster resilience, road safety through a Safe Systems approach, and operational measures including reorganising road agencies and establishing emergency response systems. Contracting provisions require that one-third of maintenance contracts be awarded to women-led Self-Help Groups, and financing supports logistics improvements for horticulture and tourism corridors. The IBRD loan matures in 15 years with a five-year grace period.</description>
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    <pubDate>Mon, 07 Sep 2020 18:12:27 +0530</pubDate>
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