You are here: Home » Economy & Policy » News
Business Standard

ADB, govt ink $570 mn loan agreement to fund public infra in Rajasthan, MP

Under the funding programme for Rajasthan, water supply systems in at least eight project towns are expected to improve by 2027, benefiting more than 5,70,000 people

Topics
Asian Development Bank | Centre | rajasthan

Press Trust of India  |  New Delhi 

asian development bank, Strategy 2030
The project aims to provide better quality and more sustainable water supply and sanitation (WSS) services in the project towns that will improve quality of life in these towns, including for the poor and vulnerable, Khare said.|Illustration by Binay

Multilateral funding agency on Monday said it has inked loan agreement worth USD 570 million (about Rs 4,180 crore) with the to fund public building and strengthen urban local bodies in and

ADB and the Government of India signed a USD 300 million loan to finance inclusive and sustainable and and services in 14 secondary towns of Rajasthan, the agency said in a release.

Besides, a USD 270 million loan was signed to develop and integrated stormwater and sewage management as well as strengthen capacities of urban local bodies (ULBs) for improved service delivery in

Under the funding programme for Rajasthan, systems in at least eight project towns are expected to improve by 2027, benefiting more than 5,70,000 people.

Citywide systems will benefit about 7,20,000 people in at least 14 secondary towns, ADB said.

The project will strengthen the institutional capacity of the local governments and Urban Drinking Water, Sewerage, and Infrastructure Corporation Limited, a corporate entity established with ADB's technical support.

Enhanced support to women and vulnerable groups will be provided through skill training, paid internships, and community engagement and awareness activities, the Manila-headquartered agency said.

The signatories to Secondary Towns Development Sector Project were Sameer Kumar Khare, Additional Secretary (Fund Bank and ADB), Department of Economic Affairs in the Ministry of Finance, and Takeo Konishi, Country Director of ADB's India Resident Mission.

The project aims to provide better quality and more sustainable water supply and (WSS) services in the project towns that will improve quality of life in these towns, including for the poor and vulnerable, Khare said.

"ADB incorporated practical lessons from the three earlier urban sector projects it has funded in Rajasthan since 2000 and included innovations such as the use of smart technologies and cost-effective systems," Konishi said.

Khare and Konishi also signed the agreement for the funding of Urban Services Improvement Project, which is additional financing to scale up the scope of the ongoing project that was approved in 2017 with a USD 275 million loan.

It will expand the outcome of the current project by covering additional 64 small cities, benefiting 1,85,000 households consisting of about 1.3 million people, ADB said.

Khare said the Madhya Pradesh project will improve livability in selected cities with the provision of universal access to basic water and sanitation services for the residents.

"Through this project, ADB will continue innovative approaches and good practices of the ongoing project including universal coverage with 100 per cent household metering, full operation and maintenance cost recovery, and reducing non-revenue water," said Konishi.

The funding for the central state will receive support from the Bill and Melinda Gates Foundation, specifically for the integration of Citywide Inclusive Sanitation principles into the planning, design, implementation, operation, and maintenance of the sanitation sub-projects, ADB said.

"The provision of inclusive water and sanitation services to the urban poor will help achieve Sustainable Development Goal 6 or access to clean water and sanitation for all," Konishi added.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, October 12 2020. 22:35 IST
RECOMMENDED FOR YOU
.