India signs US$100 mn loan agreement with World bank


The Government of India signs US$100 mn loan agreement with World bank (IBRD) for the Karnataka Urban Water Supply Modernization project. The agreement has signed by Shri V. Ponnuraj, Managing Director, Karnataka Urban Infrastructure Development & Finance Corporation (KUIDFC) on behalf of the Government of Karnataka and Mr. Michael Haney on behalf of the World Bank.

The government has initiated this step with an objective to avail city-wide piped water to the state of Karnataka and to strengthen the service delivery arrangements at the city level. KUIDFC is the implementing agency for the project and according to reports, the project will be implemented over a period of 6 years in the cities of Hubballi and Dharwad. However, the project will later be expanded to other eligible cities too. The project will benefit about one million residents of the Hubballi- Dharwad, including estimated 160,000 slum dwellers.

So let’s discuss some questions related to this post :
1. The Government of India has signed US$100 mn loan agreement with which organization for Karnataka Urban Water Supply Modernization Project ?
2. Initially, the Karnataka Urban Water Supply Modernization Project will be implemented in which two cities ?


Courtesy : Business Standard

Leave a comment

Your email address will not be published. Required fields are marked *