Which Bank has approved 346 million loan for highways upgradation project...

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Which Bank has approved $346 million loan for highways upgradation project in Karnataka?

A. ASEAN bank

B. Asian Development bank

C. World bank

D. None of these

Answer: Option B

Solution (By Examveda Team)

India and the Asian Development Bank (ADB) signed a $346 million loan agreement to finance upgrading of over 400 kilometres of state highways that comes under the Karnataka State Highways improvement lll Project. ADB's Board of Directors has approved a $346 million loan to upgrade highways in the Indian state of Karnataka.

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