“The MVA government is planning to take a loan of Rs 15,000 crore from the Asian Development Bank at a nominal rate of interest ranging between 1 per cent and 1.5 per cent,” he said.
“The process of getting cabinet sanction for this loan application is underway. We are also planning to raise funds through asset monetization. Last year, fund allocation for road works was 30-40 per cent due to the coronavirus outbreak. This year, we will need more funds,” Chavan added.
He added that restrictions placed on the Shiv Jayanti celebrations, scheduled for February 19, were due to the coronavirus outbreak.