India has signed how much amount of 2nd loan agreement with New Development Bank (NDB) for Rajasthan Water Project?

0 votes
183 views
Anonymous User asked 11-Mar-2018 in Current affair by Anonymous User

India has signed how much amount of 2nd loan agreement with New Development Bank (NDB) for Rajasthan Water Project?


1 Answer

0 votes
Anonymous User answered 28-Sep-2020 by Anonymous User

India has signed how much amount of 2nd loan agreement with New Development Bank (NDB) for Rajasthan Water Project?

India has signed how much amount of 2nd loan agreement with New Development Bank (NDB) for Rajasthan Water Project?

The Loan Agreement for the financing of the Rajasthan Water Sector Restructuring Project for the Desert Areas was marked between the Government of India and the New Development Bank (NDB) on thirteenth February 2018 at New Delhi. This is the principal tranche advance of USD 100 million affirmed by the NDB under the Multi Tranche Financing Facility of USD 345 million for this undertaking.

The target of this project is to restore the 678 km long Indira Gandhi Canal framework worked during 1958-63 to forestall drainage, moderate water, and improve water use productivity as commanded by both public and state-level arrangements on water use. The execution of the undertaking would different advantages, for example,
I. Capturing the leakage by restoring the breaking down channel coating of the Indira Gandhi Nahar Project (IGNP) which needs pressing consideration;
ii. Restoration of waterlogged territories;
iii. Modernization and advancement of the water system the board rehearses in the venture region by the contribution of the water clients' affiliations (WUA) in the order territory
iv. Fortifying of drinking water gracefully and water system offices in the venture territory
The undertaking usage period is 6 years. Administration of Rajasthan will actualize the venture essentially through Rajasthan Water Resources Department.