Updated By: LatestGKGS Desk
India & ADB sign US $100 Mn loan agreement for sewerage-drainage projects in Kolkata
India & ADB signed US $100 Million loan agreement to expand Kolkata's sewerage and drainage coverage projects: Details, Aim, Highlights
The Asian Development Bank (ADB) and India on 4th October 2018, signed a USD 100 Million Loan Agreement in New Delhi to continue to expand sewerage and drainage coverage. It will provide sewage treatment and strengthen the capacity of Kolkata Municipal Corporation (KMC) for resilient urban services.
This Third and Final Tranche Loan under the USD 400 Million Multi Tranche facility for the Kolkata Environmental Improvement Investment Program will target expansion of sewerage and drainage services in selected peripheral areas of KMC to at least 3000 additional households.
The financing under Tranche 3 will be used to construct 43 km of additional sewer drain pipes, four pumping stations, 13 km of pumping mains, and three sewage treatment plants.
The loan agreement will improve sanitation service quality and climate resilience in selected areas of KMC.
Asian Development Bank (ADB)
Established: 1966
Headquarters: Manila, Philippines
President: Takehiko Nakao
Members: 67 (48 regional members)
West Bengal
Capital: Kolkata
Largest City: Kolkata
District: 23
Official Languages: Bengali, English
Chief Minister: Mamata Banerjee
Governor: Kesari Nath Tripathi
