India signs amount of 2nd loan agreement with New Development Bank (NDB) for Rajasthan Water Project
India has signed the second loan agreement of $100 million with New Development Bank (NDB) for Rajasthan Water Sector Restructuring Project for Desert Areas on 13th February 2018 at New Delhi. This is the first tranche loan approved by the NDB under the Multi Tranche Financing Facility of $345 Million for this project. The project implementation period is six years. Rajasthan government will implement the project primarily through its Water Resources Department. The purpose of this project is to rehabilitate the 678 kilometre long Indira Gandhi Canal system built during 1958 to 1963 to prevent seepage, conserve water, and enhance water use efficiency as mandated by both national and state level policies on water use.