India, ADB sign $120 mn loan pact for irrigation in Odisha

The Government of India has signed the loan agreement of US $120 mn to improve irrigation and water management infrastructure in Odisha. The loan is the second tranche of a $157.5 million financing facility under the Odisha Integrated Irrigated Agriculture and Water Management Investment Program. The financing will be used for modernizing seven irrigation sub-projects resulting in improved irrigation in over one lakh hectares and strengthening the institutional capacity of Odisha’s Department of Water Resources. 

The selected areas for the investment program are the Baitarani, Brahmani, Budhabalanga, and Subernarekha river basins and part of the Mahanadi delta. Mr. Raj Kumar, Joint Secretary (Multilateral Institutions), Department of Economic Affairs and Ms. M. Teresa Kho, Country Director, ADB’s India Resident Mission signed the loan agreement on behalf of Government of India and ADB respectively. A separate project agreement was signed by Sh. P.K. Jena, Principal Secretary, Water Resource Department of Government of Odisha.

So let’s discuss some questions related to this post :
1. India and ADB have signed a $ 120 million loan pact for irrigation in which state?
2. What is the total cost of Orissa Integrated Irrigated Agriculture and Water Management Investment Program?

Courtesy: Business Standard


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