September 06, 2008

ADB to provide USD 350 million for Uttarakhand development

It is reported that Asian Development Bank will provide a USD 350 million loan to improve urban infrastructure and services in 31 towns and cities in Uttarakhand.

Under the investment program, the quality and quantity of water supply will be improved to meet national standards. About 60% of wastewater from the towns and cities will be properly collected and treated. Nearly 3 quarters of all solid waste will be collected and disposed of adequately. The road network will be improved to shorten travel times and increase road safety. The investments will also focus on improving the conditions of slums that are home to about 300,000 people.

In addition, part of the funds will be used to improve the capacity of relevant state departments, urban local bodies and other urban service providers to ensure that they have the ability to manage and deliver urban services efficiently and on a sustainable basis.