The Asian Development Bank (ADB) has announced that it will fund the ongoing projects of Bihar and Maharashtra. It has declared that it will lend$300 million to the government of Bihar. It will be utilized in the building of 365 km of the highway of the state. It will include the construction of new bridges and drainage system.

The board of the Bank has discussed over the issue on Thursday. Apart from the compensation to Bihar; it has also informed that, it will lend money for the projects of Maharashtra government as well.

$170 million money has been approved by the board to provide Maharashtra government. It will be utilized in modernizing the horticulture industry in these states.

The bank has said in a statement that, the amount will be used in upgrading the highways into two-lane roads in Bihar. It comes under the Bihar State Highways II project.

Technical assistance of $1 million will be provide to the State Road Development Corporation for the operation and maintenance of improvement of roads and designing of the upcoming road projects.