The Asian Development Bank (ADB) has approved $700m (£430m) of funding for investment in 31 road, railway, airport, urban infrastructure and energy projects throughout India.
The ADB said the loan programme was designed to assist the Indian government’s Infrastructure Finance Company Ltd (IIFCL), a state-owned fund that had a pipeline of 349 infrastructure projects at the end of March this year, with a total project cost of around $90bn (£55bn). ADB said this pipeline was expected to grow by an…
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