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India, ADB sign $200 mn loan for Uttarakhand revamp
The Daily Guardian
|November 07, 2024
The Government of India and the Asian Development Bank (ADB) signed a USD 200 million loan on Wednesday to upgrade water supply, sanitation, urban mobility, and other urban services in Uttarakhand, the Ministry of Finance announced.
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During the loan agreement signing, Juhi Mukherjee, Joint Secretary of the Department of Economic Affairs, noted that the project aligns with India's urban development agenda and supports Uttarakhand's efforts to enhance urban services, aiming to improve livability and sustainability in cities.
"The project aims to create urban infrastructure resilient to climate and environmental risks, such as floods and landslides, ensuring the safety and health of Uttarakhand's population," said Mio Oka, Country Director of the India Resident Mission at ADB.
"It will also build the capacity of state agencies in project management, climate- and disaster-resilient planning, own-source revenue generation, and gender mainstreaming."
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