HomeNewsBankingADB approves $112 million loans to improve water supply infrastructure in Jharkhand

ADB approves $112 million loans to improve water supply infrastructure in Jharkhand

ADB approves $112 million loans to improve water supply infrastructure in Jharkhand

The govt of India has signed a $112 million loan with the Asian Development Bank (ADB) for the development of water supply infrastructure and to strengthen capacities of urban local bodies (ULBs) for improved service delivery in four towns in the state of Jharkhand.

  • The loan agreement was signed by Rajat Kumar Mishra (Additional Secretary) and Mr. Takeo Konishi (Director of ADB’s India Resident Mission).
  • The project will ensure a continuously treated piped water supply in the state capital of Ranchi and the other three towns of Hussainabad, Jhumri Telaiya, and Medininagar located in economically and socially backward areas.
  • This project is the ADB’s first urban project in the state of Jharkhand.

About Maharashtra –

  • Chief minister: Uddhav Thackeray
  • Governor: Bhagat Singh Koshyari
  • Capital: Mumbai

About Asian Development Bank (ADB) –

  • Headquarters: Mandaluyong, Philippines
  • President: Masatsugu Asakawa
  • Founded: 19 December 1966

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SourcePIB
ADB approves $112 million loans to improve water supply infrastructure in Jharkhand 1
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