Updated By: LatestGKGS Desk
India & ADB Signs $169 Mn Loan To Provide Water & Sanitation Services in Tamil Nadu
India & ADB Signs $169 Mn Loan To Provide Water & Sanitation Services in Tamil Nadu: Details, Aim, Highlights
The Asian Development Bank (ADB) and the Government of India on 16th November 2018, have signed an agreement for a $169 million loan to provide support in developing climate-resilient water supply, sewerage, and drainage infrastructure in at least 10 cities in the Tamil Nadu.
The loan is the First Tranche of a $500 million multi-tranche financing and will target the cities of Chennai, Coimbatore, Rajapalayam, Tiruchirappalli, Tirunelveli, and Vellore initially.
Around 4 million people will benefit from piped water and sewerage connections and improved drainage.
Tamil Nadu has faced continues droughts and erratic monsoons in the recent past resulting in severe water scarcity and urban flooding. Although it is the most urbanized of India’s large States, urban service levels remain low, with less than half of households served by piped water.
This financed programme will develop climate-resilient sewerage collection and treatment and drainage systems in 10 cities, and install the country’s first solar-powered sewage treatment plant. Introduction of smart water management systems will help reduce non-revenue water and strengthen operational efficiency.
ADB
Established: 1966
Headquarters: Manila, Philippines
President: Takehiko Nakao
Members: 67 (48 regional members)
Tamil Nadu
Statehood: 26th January 1950
Capital: Chennai
Largest City: Chennai
Districts: 32
Official Languages: Tamil & English
Governor: Banwarilal Purohit
Chief Minister: Edappadi K. Palaniswami (AIADMK)
