Page-5 of India-ADB
Government inks $300 million loan agreement with ADB to support IIFCL
Union Government has inked $300 million Loan Agreement with Asian Development Bank (ADB) to support lending by India Infrastructure Finance Company Limited (IIFCL). The loan will enhance availability of long-term finance for PPP projects, improve operational capacity of IIFCL. It ..
Month: Current Affairs - November, 2018
India and ADB sign $169 Million Loan to Provide Water and Sanitation Services in Tamil Nadu
Union Government has inked $169 Million Loan agreement with Asian Development Bank (ADB) for Tamil Nadu Urban Flagship Investment Program. It is first tranche of $500 million multi-tranche financing to provide water and sanitation services in Tamil Nadu. Tamil Nadu ..
Month: Current Affairs - November, 2018
India inks $120 Million Loan agreement with to improve Rail Infrastructure
Government has inked $120 million loan agreement with Asian Development Bank (ADB) for completion of projects to improve Rail Infrastructure along high-density corridors and operational efficiency of Indian railways. The loan has 20-year term, including grace period of 5 years ..
Month: Current Affairs - March, 2018
Government inks loan agreement with ADB for Improvement and Expansion of Water Supply in Bihar
The Union Government has inked $84 million loan agreement with Asian Development Bank (ADB) for improvement and expansion of water supply in Bhagalpur and Gaya towns in Bihar. The loan has 25-year term, including grace period of 5 years with ..
Month: Current Affairs - February, 2018
ADB to extend $20 billion loan to India over 5 years
Multi-lateral funding agency Asian Development Bank (ADB) announced that it increase annual funding to India to up to $4 billion from existing $2.7 billion from next year to accelerate inclusive economic transformation. As part of ADB’s Country Partnership Strategy 2018-22, ..
Month: Current Affairs - November, 2017
Union Cabinet approves new Bridge over Mechi River at India-Nepal border
The Union Cabinet has approved a Memorandum of Understanding (MoU) between India and Nepal for starting construction of a new Bridge over Mechi River at India-Nepal border. The new bridge will be constructed at an estimated cost of Rs. 158.65 ..