Union Govt. signs $75 million loan deal with ADB

New Delhi

Government Tuesday  signed a loan agreement with Asian Development
Bank, ADB for 75 million dollars and 1.8 million dollar grant for
Karnataka Integrated Urban Water Management Investment Program,

The loan has a 25 year term including a grace period of five years.
The first potion of the loan under the KIUWMIP will help expand and
upgrade urban water supply and sanitation infrastructure. The
agreement was signed by Tarun Bajaj, Joint Secretary, Department of
Economic Affairs at the Finance Ministry. Mr Bajaj said that he is
happy to note that this project will help increase water treatment
capacity by 15,000 cubic meters per day