Government Signs Loan Agreement with Asian Development Bank (ADB) for $75 Million and $1.8 Million Grant for Karnataka Integrated Urban Water Management Investment Program

Government of India signed an agreement with Asian Development Bank (ADB) here today for a $75 million loan and a $1.8 million grant that will help improve water resource management in three (3) towns of Karnataka in the Upper Tungabhadra sub-basin. This loan from the ADB's Ordinary Capital Resources has a 25-year term including a grace period of five years.