USD 3 billion loan from the World Bank

India may get USD 3 billion loan from the World Bank for development of roads in the country in the next 3-6 months, a senior Transport Ministry official said today.

"The Department of Economic Affairs has forwarded the request for the loan to the World Bank and we can expect to get it in 3-6 months' time, after the institution completes its due diligence," the official told .

The government has sought loan for converting 6,372-km of 1-lane highways to 2-lane out of the total 19,702 km single lane highways in the country under National Highways Development Project (NHDP) Phase IV.However, the mode of repayment of this loan has not been finalised yet.

source:PTI