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ADB & GoI Signed USD 200 Million Loan Agreement

Published on August 01, 2023
Current Context: The Asian Development Bank (ADB) and the Government of India (GoI) signed a $200 million loan agreement on July 28, 2023, to expand urban services in Rajasthan.
  • The loan is an additional financing for the ongoing Rajasthan Secondary Towns Development Sector Project, which aims to improve water supply and sanitation systems, enhance urban resilience, and promote heritage living in selected towns.
  • The project will benefit about 1.5 million people in 16 towns across Rajasthan by providing them with safe and reliable water supply and sanitation services.
  • It will also help preserve the cultural and historical heritage of the towns by rehabilitating water structures and heritage buildings with nature-based solutions.
  • Moreover, the project will support the state’s water and sanitation sector by piloting public-private partnerships and creating a special purpose vehicle to address water security issues for the manufacturing industry.

Question:

Q.1 How many people will benefit from the project in 16 towns across Rajasthan?
a. About 1.5 million
b. About 2 million
c. About 2.5 million
d. About 3 million
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