[ecis2016.org] The Asian Development Bank will provide a loan of around Rs 532 crores, for a project aimed at supplying round-the-clock water in Kundapura, Mangalore, Puttur and Udupi towns, in Karnataka
The Asian Development Bank (ADB) will provide a USD 75 million (around Rs 532 crores) loan, for a water supply project in four coastal towns of Karnataka. The project would ensure round-the-clock water supply in four towns – Kundapura, Mangalore, Puttur and Udupi. The fund will also be used to improve sanitation infrastructure for Mangalore town, said an official release.
You are reading: ADB to provide USD 75 million loan for water supply project in Karnataka
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The programme, approved by the ADB Board in 2014, aims to improve urban water resource management in selected river basins in Karnataka, through modernisation and expansion of urban water supply and sanitation infrastructure and strengthening institutions to improve water use efficiency, water resource planning, monitoring and service delivery. The USD 75 million tranche 1 loan is helping strengthen urban water supply and sanitation services in three other towns of the state – Byadagi, Davangere and Harihar.
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An agreement regarding the tranche 2 loan of the programme was signed in New Delhi, on November 27, 2018. Apart from providing continuous piped water supply and improved sanitation services to nearly one million people, the programme will help the urban local bodies to become efficient and responsive urban water utility service providers.
Source: https://ecis2016.org/.
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Source: https://ecis2016.org
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