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Home / Economy / News / ADB, govt ink $570 mn loan agreement to fund public infra in Rajasthan, MP

ADB, govt ink $570 mn loan agreement to fund public infra in Rajasthan, MP

Under the funding programme for Rajasthan, water supply systems in at least eight project towns are expected to improve by 2027, benefiting more than 5,70,000 people

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The project aims to provide better quality and more sustainable water supply and sanitation (WSS) services in the project towns that will improve quality of life in these towns, including for the poor and vulnerable, Khare said.|Illustration by Binay

Press Trust of India New Delhi

3 min read Last Updated : Oct 12 2020 | 10:41 PM IST

Multilateral funding agency Asian Development Bank on Monday said it has inked loan agreement worth USD 570 million (about Rs 4,180 crore) with the Centre to fund public infrastructure building and strengthen urban local bodies in Rajasthan and Madhya Pradesh.

ADB and the Government of India signed a USD 300 million loan to finance inclusive and sustainable water supply and sanitation infrastructure and services in 14 secondary towns of Rajasthan, the agency said in a release.

Besides, a USD 270 million loan was signed to develop water supply and integrated stormwater and sewage management infrastructure as well as strengthen capacities of urban

Topics : Asian Development Bank Centre rajasthan Madhya Pradesh infrastructure water supply sanitation

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