The Loan and Project Agreements for World Bank (IBRD) assistance of US$
216 million for Second Kerala State Transport Project were signed between
Government of India/Government of Kerala and World Bank at New Delhi today
The Loan and Project Agreements for World Bank (IBRD) assistance of
US$ 216 million for Second Kerala State Transport
Project were signed between Government of India/Government of Kerala and World Bank at New Delhi today.
The Loan Agreement was signed by Shri Nilaya Mitash (Joint Secretary,
Department of Economic Affairs) on behalf of
Government of India and Mr. Onno Ruhl, Country Director, World Bank (India) on behalf of the
World Bank. The Project Agreement was signed by Shri
T.O. Sooraj, Secretary, Public
Works Department on behalf of the Government of Kerala.
The Objective of the project is to improve road conditions, traffic flow and road
safety with a focus on vulnerable road users on selected roads in Kerala.
project will have three components:
1. Road Network Upgrading and Safety Improvement: This component will include upgrading 363 kms
of strategically important State Highways to complete network connectivity in
the state with the objective of reducing travel time between key
2. Road Safety Management:
This component will support the strengthening of the road safety management
systems in Kerala with the objective of arresting
the increase of crash fatalities in the state. This component will finance
various initiatives building on the work already undertaken during the first
project including a safe corridor demonstration project, implementation of a
local level challenge fund, and advisory support for road safety activities.
Strengthening: The objective of this component is
to improve the sustainability of Kerala’s state
road network with respect to its functional adequacy, financial viability and
capacity of key state road sector institutions to deliver road infrastructure
and services that are responsive to road user needs.
The projects will be implemented over a period of six years.
(Release ID :96633)