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Asian Development Bank signs agreement to lend $169 mn loan to Tamil Nadu

Though Tamil Nadu is the most urbanized of India's large states, urban service levels remain low

Dollar, US Dollar

Asian Development Bank (ADB) and the Government of India on Friday signed an agreement for a $169 million loan as the First Tranche of a $500 million multi-tranche financing to develop climate-resilient water supply, sewerage, and drainage infrastructure in at least 10 cities in the Tamil Nadu.  The signatories to the loan for the Tamil Nadu Urban Flagship Investment Program were Sameer Kumar Khare, Additional Secretary (Fund Bank and ADB), Department of Economic Affairs, Ministry of Finance, who signed for the Government of India; and Kenichi Yokoyama, Country Director of ...