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ADB to give USD 84 mn for improving Bihar water supply

ANI  |  New Delhi [India] 

The will get a loan of USD 84 million from the (ADB) to improve water supply in the and districts of

The Tranche 2 loan is part of the USD 200 million Multi-(MFF) for Urban Development Investment Program that was approved by ADB in 2012, to provide and services in four towns - Bhagalpur, Gaya, Darbhanga, and Muzaffarpur.

Project 2 will improve access to better quality and sustainable water supply, for people of and It will also promote better water management practices that will result in city-wide coverage with 24-hour uninterrupted supply of treated water in both cities.

Further, loan finances will support civil works sub-projects and would benefit 1.1 million people in two project towns with increased coverage of treated water supply by 2021.

It will also support train 400 urban local body (ULB) staff in the management and operation and maintenance (O&M) of water supply systems, and help ULBs improve technical and of the water supply operations.

and would achieve the goals or match many of the national averages for urban service delivery performance in

The investment program will assist ULBs in designing affordable tariffs for O&M cost recovery.

stated that the loan will have a 25-year term, including a grace period of five years, an annual interest rate determined in accordance with ADB's lending facility based on the offered rate (LIBOR), and a commitment charge of 0.15 percent per year.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, February 23 2018. 17:15 IST
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