Daily Current Affairs / ADB approves $112 million loan to improve water supply in Jharkhand
Category : Business and economics Published on: September 11 2021
· The Asian Development Bank (ADB) and the Government of India on a USD 112 million loan to develop water supply infrastructure and strengthen the capacities of Urban Local Bodies (ULBs) for better service delivery in four cities in the state of Jharkhand have signed.
· This is the first project of ADB in the state of Jharkhand.
· The project will be ADB's first urban project in the state and will help establish a model for water supply combined with policy reforms for sustainable operation, replicated by other low-income states to provide safe drinking water to urban households as envisaged under the Jal Jeevan Mission National Plan.
Important facts
About Asian Development Bank
v Headquarters: Mandaluyong, Philippines
v President: Masatsugu Asakawa (since 17 January 2020)
v Founded: 19 December 1966
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