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Construction : Web Exclusive | June 2014 | Source : Construction Update

IDA approves a loan of US$ 107 million for Mizoram roads project

On June 19, 2014, the multilateral funding agency - World Bank approved a loan of USD 107 million for Mizoram State Roads II - Regional Transport Connectivity Project which connects to Myanmar and Bangladesh. Funding is provided for 91 km of roads that are design-ready. The project comprises widening / strengthening of 22 km section of Lunglei-Tlabung-Kawrpuichhuah road on the border with Bangladesh, the 27.5 km Champhai-Zokhawthar road on the border with Myanmar. Funding will be provided by a credit from the International Development Association (IDA) - the World Bank's concessionary lending arm that provides interest-free loans with 25 years to maturity and a grace period of five years. The project also includes the 41.7 km Chhumkhum-Chawngte North-South alignment connecting to the border roads with Bangladesh to the west and Myanmar to the south.
 
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