The Indian government and the Asian Infrastructure Investment Bank (AIIB) signed a _____________ loan agreement for the Assam Intra-State Transmission System Enhancement Project on February 23, 2021.

The Correct Answer is $304 million . Key Points On February 23, 2021, the Indian government and the Asian Infrastructure Investment Bank (AIIB) agreed to a $304 million loan for the Assam Intra-State Transmission System Enhancement Project. The project aims to improve the power transmission network's reliability, capability, and protection in the northeastern state of Assam. It involves building 10 transmission substations and laying transmission lines, as well as upgrading 15 existing substations, transmission lines, and existing ground wire to optical power ground wire, and providing technical assistance to aid project execution. The project is projected to cost $365 million in total. The AIIB would contribute $304 million, with the state government covering the remaining $61 million. Important Points President of Asian Infrastructure Investment Bank: Jin Liqun Headquarters of AIIB: Beijing, China AIIB established: 16 January 2016