ADB and MoF Ink $181M Deal for Ahmedabad Urban Mobility

Current Context: The Government of India and the Asian Development Bank (ADB) signed a $181 million loan agreement on March 13, 2024.

• This agreement aims to build quality infrastructure and services to improve urban livability and mobility in the peri-urban areas of Ahmedabad city in Gujarat.
• The project will construct 166 km of water distribution network, 126 km of climate-resilient stormwater drainage, 300 km of sewerage systems, and four sewage treatment plants.
• It will also support 10 junction improvements along the existing Sardar Patel Ring Road to improve connectivity of peri-urban areas to Ahmedabad city.
• The project will benefit urban poor, women, and migrant workers through improved urban services and urban governance.
• It will also help strengthen the capacity of the Ahmedabad Urban Development Authority and urban local bodies in technology-based urban planning, including climate change and disaster-resilient infrastructure that promote environmental and social safeguards, gender equality, and social inclusion.

Question:

Q.1 Who signed a $181 million loan agreement on March 13, 2024?
a. The Government of India and the World Bank
b. The Government of India and the Asian Development Bank (ADB)
c. The Government of India and the International Monetary Fund (IMF)
d. The Government of India and the United Nations Development Programme (UNDP)