The Government of India, the Government of Meghalaya and the World Bank on November 19, 2020 signed a $120 million Meghalaya Integrated Transport Project (MITP) to improve and modernise the transport sector of state of Meghalaya.
- The $120 million loan from the International Bank for Reconstruction and Development (IBRD) has a maturity of 14 years including a grace period of 6 years.
- This will help Meghalaya to harness its vast growth potential for high-value agriculture and tourism.
- The project will improve about 300 km of strategic road segments and stand-alone bridges by using innovative, climate resilient, and nature-based solutions.
- It will also support innovative solutions such as precast bridges to reduce both time and cost of construction.
- The MITP will help Meghalaya develop reliable, climate resilient and safe roads which is crucial for the economic development of the state and its people as economic growth of any region is closely linked to its road infrastructure.
- Difficult hilly terrain and extreme climatic conditions make Meghalaya’s transport challenges particularly complex. On account, today, about half of the 5,362 habitations in the state lack transport connectivity.
