KfW lends to Indo-German cooperation
India and Germany have signed an agreement to formalize an amount up to Euro200 million of loan for ‘Climate Friendly Urban Mobility III’ and Euro11 million for accompanying measures as a grant for four projects.
The Agreement was signed by Dr. Martin Ney, Ambassador on behalf of the Federal Republic of Germany, and S. Selvakumar, Joint Secretary, Department of Economic Affairs, on 4 Dec 2017.
The Part I of the Agreement had already been signed in May, 2017.
Additional Loan Agreements were signed by the Department of Economic Affairs with KfW, Germany, under the Indo-German Bilateral Development Cooperation.
These are:
(a) Loan Agreement for the project “Community based sustainable Forest Management – Component I Manipur”. It is Euro15 million from KfW. The broad objectives of the Project are restoration of degraded forests in upper watersheds, reclamation of abandoned shifting cultivation areas, biodiversity conservation, water resources conservation and livelihood improvement of forest dependent rural tribal people in the project area.
(b) The “Madhya Pradesh Urban Sanitation and Environment Programme” is getting Euro50 million Reduced Interest Loan and Euro2.5 million grant. The broad objective of the Project is to improve facilities for water supply, sanitation and sewerage treatment plant in selected towns of Madhya Pradesh, improve solid and liquid waste management and disposal systems, improvement of surface drainage systems for flood mitigation in selected towns of Madhya Pradesh.
(c) The “Sustainable Urban Infrastructure Development Odisha – Phase II” project will get Euro55 million Reduced Interest Loan with Euro2 million as Grant. The broad objective of the Project is to improve the urban infrastructure of Odisha and to provide better quality of life to the people.
(d) The “Green Energy Corridor – Intra-State Transmission System in Maharashtra” will get for Euro12 million Reduced Interest loan. The broad objective of this project is to put in place a transmission system for evacuating renewable energy. fii-news.com
