Current Affairs

India and ADB sign $169 Million to Provide Water Services

Union Government has inked a $169 Million Loan Agreement with Asian Development Bank (ADB) for Tamil Nadu Urban Flagship Investment Program.
India and ADB sign $169 Million to Provide Water Services
  • It is the first tranche of $500 million multi-tranche financing to provide water and sanitation services in Tamil Nadu.

About Tamil Nadu Urban Flagship Investment Program:

  • The program will develop climate-resilient sewerage collection and treatment and drainage systems in 10 cities.
  • Under this program, country's first solar-powered sewage treatment plant will be installed. 
  • Moreover, smart water management systems will be introduced to reduce non-revenue water and strengthen operational efficiency.
  • It will help to address complex urban challenges through innovative and climate-resilient investment and deeper institutional support.
  • It will boost institutional capacity, public awareness, and urban governance as part of comprehensive approach for developing livable cities.
  • It will benefit around 4 million people from piped water and sewerage connections and improved drainage.
  • The first tranche of ABD loan will target cities of Chennai, Coimbatore, Rajapalayam, Tiruchirappalli, Tirunelveli, and Vellore. 
  • Moreover, $2 million grant from Asian Clean Energy Fund, established by Government of Japan will fund the solar energy pilot project.
  • Besides, ADB technical assistance grant of $1 million will accompany the program to support capacity building.

Question:

Q. Union Government has inked a $169 Million Loan Agreement with whom for Tamil Nadu Urban Flagship Investment Program?
a. South-Asian Development Bank (SADB)
b. Asian Development Bank (ADB)
c. Pan-Asian Development Bank (PADB)
d. None of the above
India and ADB sign $169 Million to Provide Water Services India and ADB sign $169 Million to Provide Water Services Reviewed by Inderjeet Virdi on November 21, 2018 Rating: 5

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