India and ADB signs multiple loans

  • IASbaba
  • December 8, 2021
  • 0
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India and ADB signs multiple loans

Part of: Prelims

The Government of India and the Asian Development Bank (ADB)

Loan 1: Signed a $125 million loan to improve access to safe and affordable drinking water supply and citywide inclusive sanitation services in Dehradun and Nainital cities in the state of Uttarakhand.

  • Computerized maintenance and management systems will be introduced to advance the system operation and asset management while ensuring users’ satisfaction
  • Many innovative solutions like soak pit reuse and utilization for groundwater recharging, bus mobile toilets with gender-sensitive and inclusive design features, rainwater harvesting, and compact design and pre-fabricated sewerage treatment facilities will enhance climate resilience of the project.

Loan 2: Signed a $150 million loan to provide access to inclusive, resilient, and sustainable housing for the urban poor in the state of Tamil Nadu.

  • Rapid urbanization and growth in Tamil Nadu has created a housing shortfall particularly for low-income households
  • The project will provide access to affordable housing infrastructure and services to vulnerable and disadvantaged households and catalyze private sector investment in affordable housing
  • Through the Tamil Nadu Urban Habitat Development Board, the project will construct housing units in nine different locations and relocate about 6,000 households vulnerable to natural hazards to safer locations. 
  • It will also help Tamil Nadu’s Directorate of Town and Country Planning develop regional plans to map the state’s economic and infrastructure development including affordable housing, environmental protection, disaster risk management, and gender.

News Source: PIB & PIB

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