Source: The post is based on the article “India, ADB sign $125 million loan to improve Urban Services in Tamil Nadu” published in the PIB on 28th December 2022.
What is the News?
The Government of India and the Asian Development Bank (ADB) signed a $125 million loan to develop climate-resilient sewage collection and treatment, and drainage and water supply systems in three cities in the state of Tamil Nadu.
The financing is the third and the last tranche of the $500 million multi-tranche financing facility (MFF) for the program approved by ADB in 2018.
About the Urban Services project in Tamil Nadu
Aim: To build priority water supply, sewerage, and drainage infrastructure in strategic industrial corridors across 10 cities in the state. The tranche 3 loan covers Coimbatore, Madurai, and Thoothukudi.
The project will deploy new approaches such as build and operate modality, automatic meters for bulk water users, and real-time monitoring through supervisory control and data acquisition systems.
The ADB financing will help ensure universal access to basic water and sanitation services and improve resilience against floods in the project target areas which are also the industrial hubs of Tamil Nadu.