Asian Development Bank (ADB),an international development finance institution has inked a $490 millionloan agreement with Government of India (GoI) for upgrade about 1,600 km of Madhya Pradesh(MP) state highways (750km) & major district roads- MDRs (850km) from single-lane to two-lane widths in the state. This project will be a public-private partnership (PPP) through the hybrid-annuity model (HAM), for this, an additional $286 million investment will be mobilized by the state. This project will be a public-private partnership (PPP) through the hybrid-annuity model (HAM), for this, an additional $286 million investment will be mobilized by the state. About ADB Motto– Fighting Poverty in Asia and the Pacific Formation– 19 December 1966 Headquarters– Manila, Philippines Membership– 68 countries
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