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NDB sanctioned $100mn for Rajasthan Water Project

Indian Govt has signed the Second Loan Agreement with New Development Bank (NDB) for financing of Rajasthan Water Sector Restructuring Project for the Desert Areas.

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National Development Bank (NDB)

National Development Bank (NDB)

This is the first tranche loan of 100 million dollar approved by the NDB under the Multi Tranche Financing Facility of 345 million dollar for this project.

The objective of this Project is to rehabilitate the 678 km long Indira Gandhi Canal system built during 1958-63 to prevent seepage, conserve water, and enhance water use efficiency as mandated by both national and state level policies on water use.

The project will enable arresting the seepage by rehabilitating the deteriorating canal lining of the Indira Gandhi Nahar Project (IGNP) which needs urgent attention.

source: uniindia

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