{"id":1638,"date":"2023-03-16T10:31:00","date_gmt":"2023-03-16T05:01:00","guid":{"rendered":"https:\/\/edunovations.com\/currentaffairs\/?p=1638"},"modified":"2023-04-21T10:55:49","modified_gmt":"2023-04-21T05:25:49","slug":"india-world-bank-sign-loan-agreement-for-green-national-highway-corridors-project","status":"publish","type":"post","link":"https:\/\/edunovations.com\/currentaffairs\/agreements\/india-world-bank-sign-loan-agreement-for-green-national-highway-corridors-project\/","title":{"rendered":"India, World Bank Sign Loan Agreement for Green National Highway Corridors Project"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_86 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/edunovations.com\/currentaffairs\/agreements\/india-world-bank-sign-loan-agreement-for-green-national-highway-corridors-project\/#India-World_Bank_Signs_Loan_Agreement_for_Construction_of_Green_National_Highway_Corridors_Project_in_4_States\" >India-World Bank Signs Loan Agreement for Construction of Green National Highway Corridors Project in 4 States<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/edunovations.com\/currentaffairs\/agreements\/india-world-bank-sign-loan-agreement-for-green-national-highway-corridors-project\/#Why_this_News_is_Important\" >Why this News is Important<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/edunovations.com\/currentaffairs\/agreements\/india-world-bank-sign-loan-agreement-for-green-national-highway-corridors-project\/#Boost_to_Sustainable_Development\" >Boost to Sustainable Development<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/edunovations.com\/currentaffairs\/agreements\/india-world-bank-sign-loan-agreement-for-green-national-highway-corridors-project\/#Employment_Generation\" >Employment Generation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/edunovations.com\/currentaffairs\/agreements\/india-world-bank-sign-loan-agreement-for-green-national-highway-corridors-project\/#Better_Connectivity\" >Better Connectivity<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/edunovations.com\/currentaffairs\/agreements\/india-world-bank-sign-loan-agreement-for-green-national-highway-corridors-project\/#Historical_Context\" >Historical Context<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/edunovations.com\/currentaffairs\/agreements\/india-world-bank-sign-loan-agreement-for-green-national-highway-corridors-project\/#5_Key_Takeaways_from_%E2%80%9CIndia-World_Bank_Signs_Loan_Agreement_for_Construction_of_Green_National_Highway_Corridors_Project_in_4_States%E2%80%9D\" >5 Key Takeaways from &#8220;India-World Bank Signs Loan Agreement for Construction of Green National Highway Corridors Project in 4 States&#8221;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/edunovations.com\/currentaffairs\/agreements\/india-world-bank-sign-loan-agreement-for-green-national-highway-corridors-project\/#Important_FAQs_for_Students_from_this_News\" >Important FAQs for Students from this News<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/edunovations.com\/currentaffairs\/agreements\/india-world-bank-sign-loan-agreement-for-green-national-highway-corridors-project\/#Q1_What_is_the_Green_National_Highway_Corridors_Project\" >Q.1 What is the Green National Highway Corridors Project?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/edunovations.com\/currentaffairs\/agreements\/india-world-bank-sign-loan-agreement-for-green-national-highway-corridors-project\/#Q2_Which_four_states_are_covered_under_the_Green_National_Highway_Corridors_Project\" >Q.2 Which four states are covered under the Green National Highway Corridors Project?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/edunovations.com\/currentaffairs\/agreements\/india-world-bank-sign-loan-agreement-for-green-national-highway-corridors-project\/#Q3_How_much_loan_agreement_has_been_signed_by_India_and_the_World_Bank_for_the_Green_National_Highway_Corridors_Project\" >Q.3 How much loan agreement has been signed by India and the World Bank for the Green National Highway Corridors Project?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/edunovations.com\/currentaffairs\/agreements\/india-world-bank-sign-loan-agreement-for-green-national-highway-corridors-project\/#Q4_What_is_the_objective_of_the_Green_National_Highway_Corridors_Project\" >Q.4 What is the objective of the Green National Highway Corridors Project?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/edunovations.com\/currentaffairs\/agreements\/india-world-bank-sign-loan-agreement-for-green-national-highway-corridors-project\/#Q5_Who_will_implement_the_Green_National_Highway_Corridors_Project\" >Q.5 Who will implement the Green National Highway Corridors Project?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/edunovations.com\/currentaffairs\/agreements\/india-world-bank-sign-loan-agreement-for-green-national-highway-corridors-project\/#Some_Important_Current_Affairs_Links\" >Some Important Current Affairs Links<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"India-World_Bank_Signs_Loan_Agreement_for_Construction_of_Green_National_Highway_Corridors_Project_in_4_States\"><\/span>India-World Bank Signs Loan Agreement for Construction of Green National Highway Corridors Project in 4 States<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The Government of India, the National Highways Authority of India (NHAI), and the World Bank have signed a loan agreement for the construction of the Green National Highway Corridors Project in four Indian states. The loan agreement has been signed for an amount of $500 million. The project aims to reduce the carbon footprint of the country&#8217;s road transport sector.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Green National Highway Corridors Project will be implemented in the states of Andhra Pradesh, Himachal Pradesh, Rajasthan, and Uttar Pradesh. The project will support the construction of approximately 783 km of highways. The highways will have features such as the use of waste materials and fly ash in road construction, the provision of wayside amenities such as toilets and rest areas, and the promotion of road safety.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the World Bank, the project is expected to reduce greenhouse gas emissions by about 12 million tons of CO2 equivalent over the lifetime of the highway. The project is also expected to generate employment opportunities during the construction phase and provide better connectivity to remote areas.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\" id=\"Green-National-Highway-Corridors\"><img decoding=\"async\" width=\"940\" height=\"480\" src=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/Green-National-Highway-Corridors.webp\" alt=\"Green National Highway Corridors\" class=\"wp-image-1645\" title=\"Green National Highway Corridors\" srcset=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/Green-National-Highway-Corridors.webp 940w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/Green-National-Highway-Corridors-300x153.webp 300w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/Green-National-Highway-Corridors-768x392.webp 768w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><figcaption class=\"wp-element-caption\">Green National Highway Corridors<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_this_News_is_Important\"><\/span>Why this News is Important<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Boost_to_Sustainable_Development\"><\/span>Boost to Sustainable Development<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The Green National Highway Corridors Project is a significant step towards sustainable development in the road transport sector. The project aims to reduce the carbon footprint of the road transport sector, which is a major contributor to greenhouse gas emissions in the country. The project will also promote the use of waste materials and fly ash in road construction, which will help reduce the amount of waste generated by the construction sector.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Employment_Generation\"><\/span>Employment Generation<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The project is expected to generate employment opportunities during the construction phase. This will provide a much-needed boost to the country&#8217;s economy, which has been severely affected by the COVID-19 pandemic.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Better_Connectivity\"><\/span>Better Connectivity<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The construction of highways in remote areas will provide better connectivity to these areas. This will help in the development of these areas and will provide opportunities for economic growth.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Historical_Context\"><\/span>Historical Context<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">India has been focusing on sustainable development in recent years. The government has launched several initiatives aimed at reducing the carbon footprint of the country&#8217;s infrastructure. The Green National Highway Corridors Project is part of this initiative and is aimed at promoting sustainable development in the road transport sector.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_Key_Takeaways_from_%E2%80%9CIndia-World_Bank_Signs_Loan_Agreement_for_Construction_of_Green_National_Highway_Corridors_Project_in_4_States%E2%80%9D\"><\/span>5 Key Takeaways from &#8220;India-World Bank Signs Loan Agreement for Construction of Green National Highway Corridors Project in 4 States&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Serial No.<\/th><th>Key Takeaway<\/th><\/tr><\/thead><tbody><tr><td>1.<\/td><td>The Government of India, NHAI and the World Bank have signed a loan agreement for the construction of the Green National Highway Corridors Project in four Indian states.<\/td><\/tr><tr><td>2.<\/td><td>The project will reduce the carbon footprint of the road transport sector and promote sustainable development.<\/td><\/tr><tr><td>3.<\/td><td>The project will be implemented in the states of Andhra Pradesh, Himachal Pradesh, Rajasthan, and Uttar Pradesh.<\/td><\/tr><tr><td>4.<\/td><td>The project will support the construction of approximately 783 km of highways.<\/td><\/tr><tr><td>5.<\/td><td>The project is expected to generate employment opportunities during the construction phase and provide better connectivity to remote areas.<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">Green National Highway Corridors<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">In conclusion, the Green National Highway Corridors Project is a significant step towards sustainable development in the road transport sector. The project aims to reduce the carbon footprint of the sector and promote the use of waste materials and fly ash in road construction. The project is expected to generate employment opportunities and provide better connectivity to remote areas.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Important_FAQs_for_Students_from_this_News\"><\/span>Important FAQs for Students from this News<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q1_What_is_the_Green_National_Highway_Corridors_Project\"><\/span>Q.1 What is the Green National Highway Corridors Project? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A. The Green National Highway Corridors Project is an initiative by the Indian government to develop eco-friendly highways across the country.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q2_Which_four_states_are_covered_under_the_Green_National_Highway_Corridors_Project\"><\/span>Q.2 Which four states are covered under the Green National Highway Corridors Project? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A. The Green National Highway Corridors Project covers the states of Rajasthan, Himachal Pradesh, Uttar Pradesh, and Andhra Pradesh.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q3_How_much_loan_agreement_has_been_signed_by_India_and_the_World_Bank_for_the_Green_National_Highway_Corridors_Project\"><\/span>Q.3 How much loan agreement has been signed by India and the World Bank for the Green National Highway Corridors Project? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A. India and the World Bank have signed a loan agreement worth $500 million for the Green National Highway Corridors Project.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q4_What_is_the_objective_of_the_Green_National_Highway_Corridors_Project\"><\/span>Q.4 What is the objective of the Green National Highway Corridors Project? <span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A. The objective of the Green National Highway Corridors Project is to enhance the capacity and sustainability of the national highway network in the selected states.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Q5_Who_will_implement_the_Green_National_Highway_Corridors_Project\"><\/span>Q.5 Who will implement the Green National Highway Corridors Project?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"> A. The National Highways Authority of India (NHAI) will implement the Green National Highway Corridors Project.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Some_Important_Current_Affairs_Links\"><\/span>Some Important Current Affairs Links<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--1\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/national\/\" target=\"_blank\" rel=\"noreferrer noopener\">State Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--2\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/sports\/\" target=\"_blank\" rel=\"noreferrer noopener\">Sports Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button 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href=\"https:\/\/edunovations.com\/currentaffairs\/category\/news-and-notifications\/\" target=\"_blank\" rel=\"noreferrer noopener\">News and Notifications<\/a><\/div>\n<\/div>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.edunovations.quiz\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" width=\"900\" height=\"150\" src=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1.jpg\" alt=\"Download this App for Daily Current Affairs MCQ&#039;s\" class=\"wp-image-247\" title=\"\" srcset=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1.jpg 900w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1-300x50.jpg 300w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1-768x128.jpg 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/a><figcaption class=\"wp-element-caption\">Download this App for Daily Current Affairs MCQ&#8217;s<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\" id=\"News-Website-Development-Company\"><a href=\"https:\/\/www.martindiainfotech.com\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" width=\"900\" height=\"150\" src=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner.png\" alt=\"News Website Development Company\" class=\"wp-image-438\" title=\"News Website Development Company\" srcset=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner.png 900w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner-300x50.png 300w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner-768x128.png 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The loan agreement has been&#8230;<\/p>\n","protected":false},"author":5,"featured_media":1646,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[137,10],"tags":[1138,955,954,221,306],"class_list":["post-1638","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-agreements","category-national","tag-green-highways","tag-infrastructure-development","tag-national-highways","tag-sustainable-development","tag-world-bank"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/1638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/comments?post=1638"}],"version-history":[{"count":0,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/1638\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media\/1646"}],"wp:attachment":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media?parent=1638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/categories?post=1638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/tags?post=1638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}