ADB approved Loan for Jharkhand

Current Context: The GOI and Asian Development Bank (ADB) signed the loan agreement 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