Categories: Business

ADB approves 300 million US dollar loan for Rajasthan’s water supply

India and the Asian Development Bank (ADB) has signed a 300 million US dollar loan to finance inclusive and sustainable water supply and sanitation infrastructure and services in 14 secondary towns of the state of Rajasthan. The project aims at providing better quality and more sustainable Water Supply and Sanitation (WSS) services in the project towns. it will improve quality of life in these towns, including for the poor and vulnerable after signing the loan agreement.

WARRIOR 3.0 | Banking Awareness Batch for SBI, RRB, RBI and IBPS Exams | Bilingual | Live Class

About the Project:

  • The investments in WSS with 10-year operation and maintenance contracts will ensure improved and sustainable service delivery in line with the State Government’s urban sector development plan.
  • The project will empower urban local bodies, and strengthen their institutional capacity, deepen sector reforms, and build the resilience of communities to manage health pandemics.
  • Through the project, water supply systems in at least eight project towns are expected to improve by 2027, benefiting more than 5 lakh 70 thousand people. Citywide sanitation systems will benefit about 7 lakh 20 thousand people in at least 14 secondary towns.

Important takeaways for all competitive exams:

  • Chief Minister of Rajasthan: Ashok Gehlot; Governor: Kalraj Mishra.
  • President of Asian Development Bank: Masatsugu Asakawa.
  • Asian Development Bank Headquarters: Mandaluyong, Philippines.
  • Asian Development Bank Founded: 19 December 1966.

Find More Business News Here

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Recent Posts

The Forgotten Story of Tamils in Moreh: How Manipur Border Town Became Home to Tamil Diaspora

A brief yet poignant scene in the hit series Family Man 3 has opened a…

1 hour ago

Which Country is Known as the Land of Festivals?

India is often called the Land of Festivals because it celebrates countless festivals throughout the…

2 hours ago

Simone Tata: The Visionary Behind Lakmé and Westside Passes Away at 95

Simone Tata, a transformative figure in India’s business landscape and the step-mother of Ratan Tata,…

4 hours ago

When was IndiGo Airlines Founded and Who Founded It?

IndiGo Airlines is one of India’s most popular and trusted airlines. It is known for…

4 hours ago

Which Country is Known as Deutschland?

Many countries have different names in different languages. One such country is Germany, which is…

4 hours ago

Which River is Known as the Lifeline of Northeast India?

Northeast India is a region full of beautiful landscapes, green forests and rich culture. A…

4 hours ago