Thursday, August 21, 2008

Japan, Asian Development Bank pledge $1 mn aid to Bihar

Japan Special Fund (JSF) and the Asian Development Bank (ADB) on Thursday said they will provide a financial assistance of $1 million (Rs.40 million) to Bihar for improving the living conditions of the people.

JSF, aided by the Japanese government, would help the state in preparing a blueprint for the proposed Bihar Urban Development Project for cities like Patna and Gaya, according to a statement by the ADB. The state government would contribute $250,000 to the development projects, it added.

With the help of the grant, the state will assess the feasibility of all aspects of the development project, which will be financed with a loan from the ADB in coming years.