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Business EconomyPosted at: Nov 16 2018 6:06PM


Govt, ADB sign $169 min loan to provide water, sanitation services in TN

New Delhi, Nov 16 (UNI) The Centre and the Asian Development Bank on Friday signed a 169 million dollars loan as the first tranche of a 500 million dollars multi-tranche financing to develop climate-resilient water supply, sewerage and drainage infrastructure in at least 10 cities in Tamil Nadu.
The loan was signed by Department of Economic Affairs Additional Secretary Sameer Kumar Khare and ADB’s India Resident Mission Country Director Kenichi Yokoyama here.
Though Tamil Nadu is the most urbanized of India’s large states, urban service levels remain low, with less than half of households served by piped water, only 42 per cent of households are covered by a sewerage network, with 43 per cent of sewage disposed directly into waterways untreated.

The programme will develop climate-resilient sewerage collection and treatment and drainage systems in 10 cities, and install the country’s first solar-powered sewage treatment plant. Introduction of smart water management systems will help reduce non-revenue water and strengthen operational efficiency.
Around 4 million people will benefit from piped water and sewerage connections and improved drainage. The program will boost institutional capacity, public awareness, and urban governance as part of a comprehensive approach for developing livable cities.

The first tranche loan will target the cities of Chennai, Coimbatore, Rajapalayam, Tiruchirappalli, Tirunelveli, and Vellore. A 2 million dollars’ grant from the Asian Clean Energy Fund, established by the Japan government will fund the solar energy pilot project. An ADB technical assistance grant of 1 million dollars will accompany the program to support capacity building.

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Tags: #Govt# ADB sign $169 min loan to provide water# sanitation services in TN
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