Home » Kolkata to get $400 mn ADB loan

Kolkata to get $400 mn ADB loan

Kolkata to get $400 mn ADB loan

To improve water and sanitation system in peripheral areas of Kolkata, Asia Development Bank (ADB) will provide $400 million loan. The
loan will help the city improve its water and sanitation system in peripheral areas of the fast-growing metropolis which are missing out on quality services, ADB said.

The multilateral funding agency said the funds will be provided in three batches through a multi-tranche financing facility. The first loan of $100 million will help restore the original production capacity of two existing water treatment plants, cutting water losses, and gradually rolling out 24-hour water supply in target areas.

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