Home » Govt seeks $137m from ADB for J&K

Govt seeks $137m from ADB for J&K

Govt seeks $137m from ADB for J&K

The Centre has signed agreements with the Asian Development Bank (ADB) for grants worth $136.8 million for infrastructure development in Jammu & Kashmir. The government has also sought a $60 million loan to help improve water supply and urban transport infrastructure in J&K.

´This loan from the ADB´s Ordinary Capital Resources has a 25-year term including a grace period of five years,´ said a Finance Ministry release.

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