In Feb 2021, the India government and the Asian Infrastructure Investment Bank (AIIB) signed a $304-million loan agreement to fund the Intra-State Transmission System Enhancement Project of which state?

The correct answer is Assam : India government and the Asian Infrastructure Investment Bank (AIIB) have signed a $304-million loan agreement to fund the Assam Intra-State Transmission System Enhancement Project. The project aims to strengthen the reliability, capacity and security of the power transmission network in Assam. The total estimated cost of the project is $365 million , of which $304 million will be financed by AIIB while the Assam government will provide counterpart funding of $61 million . The $304 million loans from the AIIB has a 5-year grace period and a maturity of 24 years.