Rs 50.56cr Nabard loan to expedite bridge projects

PATNA: The work towards completion of as many as nine high-level rural bridge projects is likely to get accelerated further, as National Bank for Agriculture and Rural Development (Nabard) has given Rs 50.56 crore loan to the state government for the purpose.

The loan, sanctioned on Monday, is being deemed as both timely and crucial as the bridge and road construction works have been taken up as ambitious projects by the Nitish Kumar government. For, both during the rule of NDA-I (2005-2010) and NDA-II (beginning November, 2010), the infrastructural development of the state has been giving a boost to its economy given that it also augments trade in products from the core sector — steel, cement etc.

According to Nabard, the nine high-level rural bridge projects are expected to benefit 110 villages. They would also generate non-recurring employment of 22.71 lakh mandays. The Rs 50.56 crore loan would cover expenditure incurred on the construction of these bridges in the current and next fiscals.

Nabard has given the loan to the state government from its rural infrastructure development fund (RIDF). Besides, the projects are being implemented by road construction department (RCD) and rural works department (RWD).

Nabard said Rs 50.56 crore loan given to the government for the completion the nine bridge projects is its 17th tranche, overall. Five of the nine bridges are in Purnia district – three across Libri rivers at Chikani Sharnathi Tola, Kajara ghat and Rangpura ghat, and two others are at Liladhar and Sanjha ghat.

The four other bridges are one each in Jale block in Darbhanga district, at Sadapur in Nalanda district, across Barnar river in Jamui district, and in Piprahi block of Sheohar district.

The Nabard has, so far, sanctioned a total loan of Rs 4,957 crore under RIDF to the state government against 12,228 projects in various sectors for the creation of infrastructure. The amount also includes the loan given in the 17th tranche.

The bank also said of the 12,228 projects taken up for implementation by the government’s agencies concerned, 9,061 projects have been completed, while the remaining 3,167 projects are at various stages of implementation.

Source: TOI

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