ADB Sign USD 275 Million Loan for Upgrading Urban Services
Government of India and the Asian Development Bank (ADB) Sign USD 275 Million Loan for Upgrading Urban Services in 64 Small Towns in Madhya Pradesh
The Asian Development Bank (ADB) and the Government of India signed a USD 275 million loan for improving urban services in 64 small towns in the State of Madhya Pradesh. The signatories to the loan agreement for the Madhya Pradesh Urban Service Improvement Project included Raj Kumar, Joint
Secretary, Multilateral Institutions, Department of Economic Affairs, Ministry of Finance, who signed on behalf of the Government of India, and L B Sondjaja, Deputy Country Director of ADB’s India Resident Mission, who signed for ADB. The project agreement was signed by Vivek Aggarwal, Secretary, Urban Development & Housing Department on behalf of the Government of Madhya Pradesh.
“Madhya Pradesh needs substantial investments to keep pace with rapid urbanization. Availability of continuous piped water supply is vital for improving the urban infrastructure, and it will facilitate improved access to safe drinking water for residents in the project area”, said Mr Raj Kumar.