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ADB to give $84 mn loan for water projects in Bihar

Press Trust of India  |  New Delhi 

funding agency (ADB) today signed a USD 84 million loan agreement to water supply projects in two cities of

The loan will water supply improvements and expansion in Bhagalpur and Gaya towns in Bihar, ADB said in a statement.

This is the second tranche of ADB's USD 200 million multi-tranche financing facility for Urban Development Investment Programme, which was approved in 2012.

The Manila-headquartered funding facility is aimed at providing and services in Bhagalpur, Gaya, Darbhanga and Muzaffarpur in

"The Project 2 will improve access to better quality and sustainable water supply for the people of Bhagalpur and Gaya towns. It will also promote better water management practices that will result in a citywide coverage with 24-hour uninterrupted supply of treated water of 135 liters per capita per day in both cities, said Sameer Kumar Khare, (Multilateral Institutions), Department of Economic Affairs, Ministry of

The loan agreement was signed by Khare and ADB India's Director,

"The loan finances will support civil works sub-projects and would benefit 1.1 million people in the two project towns with increased coverage of treated water supply by 2021; train 400 urban local body (ULB) staff in the management and operation and maintenance of and help ULBs improve technical and of the water supply operations," Yokoyama said.

ADB said the two towns (Bhagalpur and Gaya) would achieve the goals or match many of the national averages for urban service delivery performance in

The investment programme will assist ULBs in designing affordable tariffs for operations and maintenance cost recovery.

The loan with a 25-year term, includes a grace period of 5 years.

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

First Published: Fri, February 23 2018. 13:20 IST