ADB sanctioned Loan for Water Supply Projects in Jharkhand

Published on August 06, 2021
Current Context: The Asian Development Bank (ADB) has approved loan to support financially the water supply infrastructure projects in Jharkhand.
ADB sanctioned Loan for Water Supply Projects in Jharkhand
  • The ADB has sanctioned the loan amount of USD 112 million to the Jharkhand for the same.
  • The project will offer Jharkhand’s residents with continuous and quality water supply. It will be executed in Hussainabad, Jhumri Telaiya, Medininagar and Ranchi cities of the state.
  • The total funds required for the project is USD 160 million, out of which USD 48 million will be granted by the state government.
  • Around 940 km of water distribution network will be established which will supply water to 115,000 houses.
  • The project is expected to be completed in 2028.
  • Static Part: 
    • HQ of ADB: Manilla, Philippines
    • President of ADB: Masatsugu Asakawa
    • CM of Jharkhand: Hemant Soren
    • Governor of Jharkhand: Ramesh Bais

Question: 

Q.1 Which organisation offered USD 112 million of loan to Jharkhand for water supply infrastructure development?
a. Asian Development Bank
b. World Bank
c. Asian Infrastructure Investment Bank
d. New Development Bank

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