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Union Government signed 75 million dollar loan deal with ADB for KIUWMIP

Dec 31, 2014 16:16 IST

Union Government on 30 December 2014 signed a loan agreement with the Asian Development Bank (ADB) for 75 million dollar and 1.8 million dollar grant for Karnataka Integrated Urban Water Management Investment Program (KIUWMIP).

This loan from the ADB has a 25 year term including a grace period of five years.


The funds will be used to improve water resource management in three towns of Karnataka, namely Byadagi, Davanagere and Harihar in the Upper Tungabhadra sub-basin. The funds will be used to upgrade and expand  
• Urban water supply and sanitation infrastructure
• Improve water resource planning
• Monitoring and service delivery
• Strengthen operational and administrative capacity

This project will help increase water treatment capacity by 15000 cubic meters per day. The fund will also help to expand and upgrade more than 1000 kilometers of water pipelines and increase sewage treatment capacity by 48000 cubic meters per day, thereby promoting water efficiency and environmental protection.

 

Is this article important for exams ? Yes65 People Agreed
Read more Current Affairs on: KIUWMIP , Karnataka , ADB , Asian Development Bank , Byadagi , Davanagere , Harihar

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