Business Standard

ADB approves $ 400 mn loan to support govt's urban reform agenda

India has recognised the potential for cities to be centres of economic growth: ADB Principal Urban Development Specialist Sanjay Joshi

ADB, GoI sign $300-mn loan to improve primary healthcare in urban areas

"The programme aims to support the government's urban reform agenda for improving the quality of urban life through the creation of high-quality urban infrastructure, assured public services, and efficient governance systems," ADB said

Press Trust of India New Delhi

Listen to This Article

The Asian Development Bank (ADB) has approved a $ 400 million loan to support the Indian government's urban reform agenda for creating high-quality urban infrastructure and efficient governance systems.
The programme also envisages integrated urban planning reforms to control urban sprawls and foster systemic and planned urbanisation through enhancing the entire ecosystem of legal, regulatory, and institutional reforms along with capacity building of ULBs and community awareness, ADB said.
"The Asian Development Bank (ADB) has approved a $ 400 million policy-based loan to India for Sub-programme 2 of the Sustainable Urban Development and Service Delivery Programme.
"The programme aims to support the government's urban reform agenda for improving the quality of urban life through the creation of high-quality urban infrastructure, assured public services, and efficient governance systems," ADB said.
While Subprogramme 1, approved in 2021, established national-level policies and guidelines to improve urban services, Subprogramme 2 is supporting investment planning and reform actions at the state and urban local body (ULB) levels.
"India has recognised the potential for cities to be centres of economic growth and has emphasised the need to make cities livable through inclusive, resilient, and sustainable infrastructure, which is also in line with ADB Strategy 2030," ADB Principal Urban Development Specialist Sanjay Joshi said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 25 2023 | 4:40 PM IST

Explore News