India and ADB sign $169 Million Loan to Provide Water and Sanitation Services in Tamil Nadu
Union Government has inked $169 Million Loan agreement with Asian Development Bank (ADB) for Tamil Nadu Urban Flagship Investment Program. It is first tranche of $500 million multi-tranche financing to provide water and sanitation services in Tamil Nadu.
Tamil Nadu Urban Flagship Investment Program
The program will develop climate-resilient sewerage collection and treatment and drainage systems in 10 cities. Under it country’s first solar-powered sewage treatment plant will be installed. Moreover, smart water management systems will be introduced to reduce non-revenue water and strengthen operational efficiency.
It will help to address complex urban challenges through innovative and climate-resilient investment and deeper institutional support. It will boost institutional capacity, public awareness, and urban governance as part of comprehensive approach for developing livable cities. It will benefit around 4 million people from piped water and sewerage connections and improved drainage.
The first tranche of ABD loan will target cities of Chennai, Coimbatore, Rajapalayam, Tiruchirappalli, Tirunelveli, and Vellore. Moreover, $2 million grant fromAsian Clean Energy Fund, established by Government of Japan will fund solar energy pilot project. Besides, ADB technical assistance grant of $1 million will accompany program to support capacity building.
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Month: Current Affairs - November, 2018