India and AfDB sign two loan agreements in Uttarakhand and Tamil Nadu
New Delhi: The Government of India and the Asian Development Bank (AfDB) today signed two different loan agreements of $150 million and $125 million simultaneously in Tamil Nadu and Uttarakhand.
The loan agreements were signed to provide access to inclusive, resilient and sustainable housing for the urban poor in the state of Tamil Nadu and to improve access to safe and affordable drinking water supply and sanitation services. city-wide inclusive sanitation in the cities of Dehradun and Nainital in the state. of Uttarakhand.
The signatories of the Loan Agreement for the Inclusive, Resilient and Sustainable Housing Project for the Urban Poor Sector in Tamil Nadu were Shri Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs, Ministry of Finance, signed for Government of India, and Mr. Takeo Konishi, Country Director of the Indian Resident Mission of the AfDB, who signed for the AfDB.
On the other hand, Mr. Rajat Kumar Mishra, Assistant Secretary, Department of Economic Affairs, Ministry of Finance, signed for the Government of India the agreement for the Uttarakhand Integrated and Resilient Urban Development Project while Mr. Takeo Konishi, AfDB Country Director Resident Mission to India, signed for AfDB.
Part of the AfDB assistance will be invested by the state government in the form of equity in the Tamil Nadu Shelter Fund to catalyze private sector financing and support investment mainly in industrial housing and women’s shelters activities for low-income and migrant workers.
In addition, the AfDB will provide a $1.5 million Technical Assistance (TA) grant from its Technical Assistance Special Fund to support capacity building of government agencies responsible for providing affordable housing and planning. regional in Tamil Nadu. Technical assistance will document successful approaches to providing affordable housing, including the graduation program for relocated vulnerable beneficiaries, that can be adopted in other cities and countries.
In the Uttrakhand project, many innovative solutions such as reuse and utilization of sumps for groundwater recharge, mobile bus toilets with gender sensitive and inclusive design features, rainwater harvesting and the compact design, and pre-engineered sewage treatment facilities will improve the climate resilience of the project.
The project will construct 136 kilometers (km) of water pipeline system to replace faulty water networks in South Dehradun to ensure reliable and continuous water supply to benefit about 40,000 people, including 4 000 poor and vulnerable urban groups. Water meters will also be installed in approximately 5,400 homes to support efficient water use and billing.