Tag: Department of Economic Affairs

ADB to provide $181 mn loan to improve livability, mobility in Ahmedabad NEW DELHI: The Government of India and the Asian Development Bank (ADB) signed a $181 million loan to build quality infrastructure and services toward improving urban livability and mobility in the peri-urban areas of Ahmedabad city in Gujarat. The project aimed to make peri-urban areas of Ahmedabad livable, environmentally sustainable, and efficient with robust physical and social infrastructure, a vibrant economy, and a distinct identity as a preferred investment destination. The project will also focus on urban poor, women, and migrant workers through improved urban services and urban governance. It will construct 166 km of water distribution network, 126 km of climate-resilient stormwater drainage, 300 km of sewerage systems, and four sewage treatment plants. Rajesh Vasudevan, Officer-in-Charge of ADB’s India Resident Mission stated, “ADB will help strengthen the capacity of the Ahmedabad Urban Development Authority and urban local bodies in technology-based urban planning, including climate change and disaster-resilient infrastructure that promote environmental and social safeguards, gender equality and social inclusion. “ He further added, “The project will support land development plans and town planning schemes integrating these elements that can be replicated by other states to enhance more planned urban development and densification through agglomeration.” Juhi Mukherjee, Joint Secretary, Department of Economic Affairs, Ministry of Finance for the Government of India, mentioned, “The project will build the government agencies capacity in financial planning, revenue enhancement and infrastructure asset operations. Awareness-raising activities will be conducted in communities to encourage water conservation, health, and hygiene. Women self-help groups will be trained on water supply operations. The project will support development of recycling treated sewage for industrial use through a public private partnership.”

ADB to provide $181 mn loan to improve livability, mobility in Ahmedabad

NEW DELHI: The Government of India and the Asian Development Bank (ADB) signed a $181…

NEW DELHI: The Government of India signed a $300 million loan with the Asian Development Bank (ADB) to upgrade Assam’s state highways and Major District Roads (MDR) for over 300 kilometers.

GOI signed $300 million loan with ADB to upgrade MDR in Assam

NEW DELHI: The Government of India signed a $300 million loan agreement with the Asian…

India gets $125 million loan from ADB

India gets $125 million loan from ADB

CHENNAI: The Government of India and the Asian Development Bank (ADB) inked a $125 million…

World Bank to support 24×7 water supply project in Shimla

SHIMLA: The World Bank on Monday, September 20, approved financial assistance of $160 million (Rs…

Government of India signs loan agreement for second phase of DRIP

NEW DELHI: The government of India has signed a $250 million loan agreement today with…

GoI, ADB sign $206 million loan agreement under TNUFIP

GoI, ADB sign $206 million loan agreement under TNUFIP

CHENNAI: Keeping in mind the recent water crisis in Chennai and rising pollution levels, the…