ADB to provide $570-mn loans to two states

The Asian Development Bank (ADB) said it has approved two loans totalling $570 million (about Rs. 4,200 crore) for urban sector projects in Rajasthan and Madhya Pradesh.

The ADB said it has approved a $300 million loan to develop Rajasthan’s secondary towns and a $270 million loan for Madhya Pradesh Urban Services Improvement Project. In a statement, ADB said the $300-million loan has been approved to finance inclusive water supply and sanitation infrastructure and services in secondary towns of Rajasthan. “The project is expected to build citywide access for improved water supply services for around 570,000 people and enhanced sanitation services for about 720,000 people in at least 14 secondary towns. These localities have 20,000-1,00,000 residents,” it said.