India signs $400 million deal with ADB to upgrade urban infrastructure
The Central Government has signed a $400 million policy-based loan with the Asian Development Bank (ADB) to support its urban reform agenda to build high-quality urban infrastructure, improve service delivery, and promote efficient governance systems. The signatories to the loan agreement for “Sub-Program 2” of the Sustainable Urban Development and Service Delivery Program were Juhi Mukherjee, Joint Secretary, Department of Economic Affairs, and Takeo Konishi, Country Director of ADB's India Resident Mission. While "Sub-Programme 1" approved with the funding of $350 million in 2021, establishing national-level policies and guidelines to improve urban services, "Sub-Programme 2" supports investment planning and reform actions at the state and urban local body (ULB) levels, as per the Finance Ministry.
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