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J&K to get Rs 20 billion from ADB

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Jammu: Jammu and Kashmir is expecting Rs 20 billion from the Asian Development Bank (ADB) to develop roads and bridges under the multi-sector infrastructure projects.

The state is already executing works worth Rs 14 billion as part of the first phase of ADB funding.

"Development works worth another Rs 20 billion would be carried out by the Economic Reconstruction Agency (ERA)," said Finance and Planning Minister Tariq Hameed Karra.

ADB had started funding the projects in the state in 2004. Karra is the chairman of the ERA, the nodal agency for executing externally funded projects in Jammu and Kashmir.

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