India signs loan agreement worth USD 63.3 mn with ADB for improving urban services
Updated: Sep 16, 2014 02:26:24pm
New Delhi, Sept 16 (KNN) The Government of India signed an agreement with Asian Development Bank (ADB) today for USD 63.3 million loan for improving urban services and strengthening municipal and project management capacity in several towns in North Karnataka.
The agreement is for the 4th Project under the overall facility of USD 270 million for the North Karnataka Urban Sector Investment Program.
The fourth and last tranche of loan under the North Karnataka Urban Sector Investment Program will help upgrade infrastructure, including expansion of the potable water systems to provide continuous water supply (24X7) with private sector participation in 12 towns, Ministry of Finance said in a release today.
The towns where work will be undertaken are - Basavakalyan, Bellary, Bidar, Gadag-Betegeri, Gokak, Haveri, Hospet, Nipanni, Raichur, Shahabad, Sindhanur and Yadgir); completion of sewerage networks in 3 towns (Haveri, Hospet and Raichur) , and improvements to the road network in 2 towns (Badami and Ilkal).
Country Director, ADB’s India Resident Mission, M Teresa Kho said that the project will assist the implementation of public-private partnership and performance based contracting through capacity development programs and direct support for contract execution and monitoring.
She further said that the project will provide assistance to connect beneficiaries to sewer networks by providing training and certification for plumbers, generating in this way local service and employment.
Speaking on the occasion, Joint Secretary, Department of Economic Affairs, Ministry of Finance Tarun Bajaj said that the project will help upgrade water supply network, expand sewerage infrastructure and improve roads in total of 14 towns of North Karnataka.
He said that this will help the State improve quality of life in these deprived areas of Karnataka.
The complete investment program aims to improve basic urban services for at least 4.3 million people living in 25 North Karnataka towns by providing them with improved water supply, cleaner environmental conditions, safer and faster urban transportation, and other public facilities.
These physical improvements will enhance their living conditions and equip the selected ULBs with infrastructure assets to provide services of a reasonable quality for their residents, and thereby address the current imbalance between north Karnataka and the rest of the state. (KNN/SD)
The agreement is for the 4th Project under the overall facility of USD 270 million for the North Karnataka Urban Sector Investment Program.
The fourth and last tranche of loan under the North Karnataka Urban Sector Investment Program will help upgrade infrastructure, including expansion of the potable water systems to provide continuous water supply (24X7) with private sector participation in 12 towns, Ministry of Finance said in a release today.
The towns where work will be undertaken are - Basavakalyan, Bellary, Bidar, Gadag-Betegeri, Gokak, Haveri, Hospet, Nipanni, Raichur, Shahabad, Sindhanur and Yadgir); completion of sewerage networks in 3 towns (Haveri, Hospet and Raichur) , and improvements to the road network in 2 towns (Badami and Ilkal).
Country Director, ADB’s India Resident Mission, M Teresa Kho said that the project will assist the implementation of public-private partnership and performance based contracting through capacity development programs and direct support for contract execution and monitoring.
She further said that the project will provide assistance to connect beneficiaries to sewer networks by providing training and certification for plumbers, generating in this way local service and employment.
Speaking on the occasion, Joint Secretary, Department of Economic Affairs, Ministry of Finance Tarun Bajaj said that the project will help upgrade water supply network, expand sewerage infrastructure and improve roads in total of 14 towns of North Karnataka.
He said that this will help the State improve quality of life in these deprived areas of Karnataka.
The complete investment program aims to improve basic urban services for at least 4.3 million people living in 25 North Karnataka towns by providing them with improved water supply, cleaner environmental conditions, safer and faster urban transportation, and other public facilities.
These physical improvements will enhance their living conditions and equip the selected ULBs with infrastructure assets to provide services of a reasonable quality for their residents, and thereby address the current imbalance between north Karnataka and the rest of the state. (KNN/SD)
Loading...
