The World Bank has approved a $225 million (₹2,080 crore) loan for the Rajasthan Highway Modernisation Project to improve the efficiency, resilience, and safety of state highways.
The loan, provided by the International Bank for Reconstruction and Development (IBRD), features a 35-year maturity period and a 5-year grace period. It is to be noted that the financial package includes the first Step-Up Loan (SuL) of India to support the modernization of the road network of the state.