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ADB approved Loan for Jharkhand

Published on September 11, 2021
Current Context: The GOI and Asian Development Bank (ADB) signed the loan agreement for Jharkhand.
ADB approved Loan for Jharkhand
  • The loan agreement was signed to develop water supply infrastructure in Jharkhand.
  • The loan will be used to enhance the capacities of urban local bodies (ULBs) to have improved service delivery in four towns of the state.
  • In this regard, the ADB has sanctioned a loan of USD 112 million to the Jharkhand.
  • This is the first loan by ADB in the state of Jharkhand.
  • The project will ensure continuous water supply to the people and will satisfy the objective under Jal Jeevan Mission.
  • The water supply through pipes will be made under the project in the 4 towns of Ranchi, Hussainabad, Jhumri Telaiya, and Medininagar.
  • The 4 water treatment plants will have a water capacity of 275 million liters per day.
  • Also, 940 km of water distribution network will be constructed to provide water supply to 115000 houses.
  • Static Part: 
    • HQ of ADB: Manila, Philippines.
    • President of ADB: Masatsugu Asakawa
    • CM of Jharkhand: Hemant Soren
    • Governor of Jharkhand: Ramesh Bais

Question: 

Q.1 Which financial organisation sanctioned a loan of USD 112 million to develop water infrastructure projects in Jharkhand?
a. Asian Development Bank
b. World Bank
c. Asian Infrastructure Investment Bank
d. New Development Bank
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