1 week ago

MP Cabinet Guarantees ₹4,600 Crore Loan for Road Development

The Madhya Pradesh Cabinet approved money plans for roads and other public projects.

The state will guarantee a ₹4,600 crore loan for the Madhya Pradesh Road Development Corporation.

The loan will be used to improve several road routes.

The loan will be repaid using toll money and other income from transferred roads.

The Cabinet also approved a major four-lane road between Seoni and Balaghat.

This road will be 91.64 kilometres long.

The project is expected to help about eight lakh people.

The government also approved funds for a university and cyber security.

The article says 12 routes will be developed but lists 13 route descriptions.

Key facts

Loan guarantee: ₹4,600 crore government guarantee for an MPRDC loan from NABARD Infrastructure Development Assistance.
Road routes: The Cabinet said the loan would support development of 12 routes; the article lists 13 route descriptions.
Seoni-Balaghat project: ₹3,960.9 crore approved for a 91.64-kilometre four-lane road with paved shoulders.
Additional Seoni-Balaghat funding: ₹501.16 crore sanctioned for land acquisition, preparatory works and supervision charges.
Expected beneficiaries: About eight lakh people are expected to benefit from the Seoni-Balaghat route.
University staffing: 244 posts approved for Ujjain-based Dhanvantari Medical University.
Cyber security: ₹80 crore approved under the MPCERT Scheme for cyber security management.

freepressjournal.in · 1 week ago