.

.

uttarakhandnews1.blogspot.in



Dehradun, January 31
An agreement for Rs 5.50 crore million loan with Asian Development Bank (ADB) as the second tranche of the Uttarakhand Urban Sector Development Investment Programme has been signed in New Delhi today. The programme will support rehabilitation and expansion of basic urban infrastructure in five major urban centres of the state and ensure sustainable municipal service delivery.

The documents were signed by Dr Anup Wadhawan, joint secretary, Department of Economic Affairs, on the behalf of the Government of India; Hun Kim, Country Director of the ADB’s India Resident Mission, on the behalf of ADB; and MH Khan, secretary, Urban Development, on the behalf of the government of Uttarakhand. Radhika Jha, Project Director, and Dr Anwar A Khan, Deputy Programme Director from the Uttarakhand government, were the part of loan signing team.
The project will supplement the urban infrastructure programme already initiated under the first tranche in Dehradun, Haridwar and Nainital. It will be extended to cover in addition Haldwani, Roorkee and Ramnagar towns, especially for improving the water supply infrastructure that will benefit about 800,000 residents. A comprehensive sewerage system will also be developed under the project, which will provide improved sanitation facilities to about 100,000 residents of Roorkee town.
Dr Wadhawan said it was important for urban infrastructure to keep pace with population levels and its future growth. “The project will address this objective and help alleviate infrastructure deficiencies, tap economic potential and improve the living environment,” he said.
“The project will improve the quality of life and employment opportunities for the people living in the five project towns. It will also improve the ability of participating institutions to manage sector reforms and deliver better services,” said Hun Kim.
He said the contribution of tourism in the state economy was significant. Upgrading key infrastructure would also help draw visitors and generate more employment opportunities, he said.
The second tranche loan from the the ADB’s Ordinary Capital Resources has a 25-year term, including a grace period of five years, commitment charges of 0.15 per cent and interest rate to be determined in accordance with ADB’s LIBOR-based lending facility.


See More

 
Top