ADB approves 788.8 mln USD loan to India

MANILA, Dec. 12 (Xinhua) -- The Asian Development Bank (ADB) on Thursday said it has approved a results-based loan of 788.8 million U.S. dollars to the Indian state of Andhra Pradesh to boost infrastructure development in its capital city Amaravati.

The ADB said the Amaravati Inclusive and Sustainable Capital City Development Program is designed to transform the city into a growth hub for the region, enhancing e