India and AfDB sign two loan agreements in Uttarakhand and Tamil Nadu


New Delhi: The Indian government and the Asian Development Bank (ADB) today signed two different loan agreements of $ 150 million and $ 125 million in Tamil Nadu and Uttarakhand simultaneously.

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 health services. inclusive sanitation throughout the city 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 Poor Urban Sector in Tamil Nadu were Shri Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs, Ministry of Finance, signed for the Government of l India, and Mr. Takeo Konishi, Country Director of the AfDB Resident Mission in India, 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 Indian government the agreement for the integrated and resilient urban development project of Uttarakhand while Mr. Takeo Konishi, AfDB Country Director Resident Mission in India, signed for AfDB. Part of the AfDB assistance will be invested by the state government as equity in the Tamil Nadu Shelter Fund to catalyze private sector financing and support investments primarily in industrial housing and women’s shelters which work for migrant and low-income workers. In addition, the AfDB will provide a technical assistance (TA) grant of $ 1.5 million from its Special Technical Assistance Fund to support the capacity building of government agencies responsible for the provision of affordable housing and planning. regional in Tamil Nadu. The technical assistance will document successful approaches to the provision of affordable housing, including the graduation program for vulnerable resettled beneficiaries, which can be adopted in other cities and countries.

In the Uttrakhand project, many innovative solutions such as the reuse and use of sumps for groundwater recharge, mobile bus toilets with inclusive and gender sensitive design features, rainwater harvesting and a compact design, and prefabricated wastewater treatment facilities will improve the climate resilience of the project. The project will construct 136 kilometers (km) of water pipe system to replace faulty water networks in southern Dehradun to ensure a reliable and continuous water supply for the benefit of approximately 40,000 people, including 4 000 urban poor and vulnerable groups. Water meters will also be installed in approximately 5,400 households to promote efficient water use and billing of consumption.

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