ADB provides $206m loan to finance Tamil Nadu Urban Investment Programme

The Asian Development Bank (ADB) has agreed to advance a loan of US $206 million to develop water supply and sewerage infrastructure in Tiruchi and other cities in Tamil Nadu. It will also strengthen the capacities of Urban Local Bodies (ULBs) for improved service delivery.

The project initiatives are also expected to help the state develop the requisite ecosystem for economic growth. The project will target cities namely Ambur, Tiruchirappalli, Tiruppur, and Vellore for developing sewage collection and treatment and drainage systems. Improvement to water supply systems would be targeted in the cities of Madurai and Tiruppur.

Static/Current Takeaways Important For RRB NTPC/SSC CGL:

  • Country Director of ADB’s India Resident Mission: Kenichi Yokoyama.

Source: The News on AIR

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