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World Bank & AIIB approved $300 million loan projects to Punjab

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World Bank & AIIB approved $300 million loan projects to Punjab

The World Bank and Asian Infrastructure Investment Bank (AIIB) have given their approval for the $300 million ($105 million, $105 million) (Approx. 2,190 crore Rupees) loan amount. Punjab state govt will finance this project by spending USD 90 million.

  • This loan amount will be used for canal-based drinking water projects in Punjab state.
  • The canal-based drinking water project will include Amritsar and Ludhiana cities in order to ensure quality drinking water and minimise water losses.

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