The loan is aimed at funding rural road projects in Gujarat The BRICS New Development Bank (NDB) has announced the approval of a $500 million loan to fund rural road projects in the Indian state of Gujarat. The funds will be used under the Mukhyamantri Gram Sadak Yojana initiative, according to the bank, which was launched in 2010-2011 to improve connectivity in rural areas of the country. The NDB says it will assist the Indian state’s road construction department with various materials such as geosynthetics, geotextiles, geogrids, and lime stabilization, covering a total of 1,200km of roadway. All-weather roads w
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