Beijing, China, September 28, 2018

Rural Population of Andhra Pradesh, India to Benefit from New Investment

More than two million people living in rural areas of Andhra Pradesh, India, stand to benefit from an improved road network connecting them with markets, schools and other services after approval was provided by the Board of Directors of the Asian Infrastructure Investment Bank (AIIB) for a USD455-million loan. This project brings AIIB’s total commitments in India to USD1.769 billion.

The project aims to construct and upgrade more than 6,000 km of all-weather roads connecting around 3,300 rural habitations in Andhra Pradesh. In addition to improving transport links to facilitate the delivery of agricultural and farm goods to markets, all-weather connectivity is also expected to result in better health and education outcomes. School attendance rates, especially among girls, are expected to improve.

"By integrating the rural population with the rest of the state and markets, the project will extend economic development to the state as a whole," said AIIB Vice President and Chief Investment Officer D.J. Pandian. “This is AIIB’s third investment to improve rural roads in India because they align well with the Sustainable Development Goals and the Government of India’s priorities."

"Our investment will help build the institutional capacity of the implementing agency in Andhra Pradesh by tailoring specific training programs and workshops to learn best international practices in rural road operations and maintenance," said AIIB Director General of Investment Operations Supee Teravaninthorn. "Meanwhile, the project will further strengthen AIIB’s capacity to finance similar sustainable road infrastructure projects, which are in high demand in other areas of India and in the region."

Additional information and the project’s Environmental and Social Management Plan can be found at here.

About AIIB

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia. Headquartered in Beijing, we began operations in January 2016 and have now grown to 87 approved members worldwide. By investing in sustainable infrastructure and other productive sectors in Asia and beyond, we will better connect people, services and markets that over time will impact the lives of billions and build a better future.

 

Logos for Download

AIIB logo is available in JPEG and PDF format.

DOWNLOAD

Media Contact

Lingxiao He

Press Officer

+86 10 8358 0683

SEND AN EMAIL
More News Articles

Kuala Lumpur, October 30, 2025

AIIB Partners with Maybank, CIMB, AmBank and BPMB to Mobilize up to USD6 Billion for Sustainable Infrastructure

The Asian Infrastructure Investment Bank (AIIB) has signed cooperation agreements with Maybank, CIMB, AmBank and BPMB to jointly mobilize up to USD6 billion in financing for sustainable and technology-enabled infrastructure projects across the ASEAN region.

READ MORE

Beijing, October 28, 2025

AIIB Supports Enerjisa Enerji with Local-Currency Loan to Strengthen Electricity Infrastructure and Advance Climate and Gender Goals

The Asian Infrastructure Investment Bank (AIIB) has approved a Turkish-lira-denominated sustainability-linked loan equivalent of up to USD100 million for Enerjisa Enerji A.Ş., Türkiye’s largest electricity distribution company. The financing will support the expansion and modernization of electricity networks across three regions – Ankara, the Asian side of Istanbul, and Toroslar – with the latter receiving particular focus to rebuild infrastructure damaged by the 2023 earthquakes.

READ MORE

Washington DC, October 18, 2025

Heads of MDBs Meet to Take Stock of Progress on Joint Actions and Look Ahead

The Heads of Multilateral Development Banks (MDBs) Group, chaired in 2025 by the Council of Europe Development Bank (CEB), met today to review progress on joint actions and chart priority areas for the Group’s future work.

READ MORE

Beijing, October 14, 2025

Andrew Cross to Depart as AIIB Chief Financial Officer

Andrew Cross, Chief Financial Officer of the Asian Infrastructure Investment Bank (AIIB), will leave the Bank in November to take up a senior leadership position at another financial institution.

READ MORE