Tuesday, July 7, 2026
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Banking & Finance

WB lends US$120M for Uttarakhand water project

Fiinews by Fiinews
January 23, 2018
in Banking & Finance, Infrastructure, Investment, Projects
Reading Time: 2 mins read
A A
0
0
SHARES
10
VIEWS
LinkedinShare on Twitter

Programme to benefit 700,000 people

UTI FUND

The World Bank is lend US$120 million for water supply services in peri-urban areas in Uttarakhand state.

The Uttarakhand Water Supply Program for Peri-Urban Areas will help the State increase water supply coverage as well as ensure sustainable water supply service delivery in peri-urban areas.

It will develop and implement a service-oriented and efficient water supply policy for peri-urban areas, strengthen the current monitoring and evaluation systems, and provide dedicated incentives for preparation and adoption of water supply ‘master-plans’ in peri-urban areas.

Growth and urbanization has led to the rise of significant “peri-urban” areas (mostly in the plains) that, while classified as rural, are effectively urban in nature (in terms of density of population, the structure of the economy, and aspirations of the people).

From 2001 to 2011, the state’s urban population grew by nearly 42%, which is substantially higher than the national average of 32%. While the state has made significant strides in piloting and implementing innovative approaches in water supply and sanitation services, water supply services in peri-urban areas have not been a focus.

Speaking at the loan signing, Sameer Kumar Khare, Joint Secretary, Department of Economic Affairs, said that over 700,000 people residing in peri-urban areas of the state are expected to benefit from the program.

He said that with increasing urbanization, the demarcation between rural and urban is slowly diminishing. The rise of peri urban areas in Uttarakhand presents many challenges to development.

The Program will include ensuring a minimum 16-hour water supply which meets the Indian Government’s water quality standards, supplied at a minimum pressure of 12m, for no less than 300 days in a year; 100% customer metering and volumetric tariffs; and sustainable water supply systems which recover O&M costs through user charges with transparent subsidies, if any.

The loan agreement was signed with the Government of India and State government of Uttarakhant in New Delhi on 22 Jan 2018.

The $120 million loan from the International Bank for Reconstruction and Development (IBRD), has a 5-year grace period, and a maturity of 17 years. fii-news.com

Tags: Department of Economic AffairsWorld Bank
ShareTweetShare

Related Posts

Spydra
Investment

Invest: Insurance simplified for fragmented system

by Fiinews
July 7, 2026
0
12

InsureChain creates secure and tamper-proof audit trail Spydra, in partnership with Bajaj Finance Limited (BFL), has launched InsureChain, a blockchain-based...

Nippon India Mutual Fund
Investment

Invest: Indians debate on fund options

by Fiinews
July 7, 2026
0
19

Nippon India explains choices of index versus mutual funds The debate between index funds and actively managed mutual funds has...

Vestd India

Invest: Startup funding fell by 8.3%

July 7, 2026
16
Jodhpur Airport

Project: Jodhpur terminal to grow tourism economy

July 7, 2026
17
PIB

Project: PM inaugurates Rajasthan Refinery

July 6, 2026
21
STL

Invest: Nomura-HSBC support STL’s Rs.1,500cr fund

July 4, 2026
17
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Investment: India welcomes US investment and technology collaboration

    0 shares
    Share 0 Tweet 0
  • Market: PM Modi-President Zelenskyy discussed trade and technology

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Manufacturing: Approved ‘BioE3’of Biotechnology Dept

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Tech: HCLTech gets ISO/IEC 42001:2023 for AI
  • Market: Shilpa to supply IV to Europe
  • Tech: Cybersecurity launched for enterprises
  • Invest: Insurance simplified for fragmented system
  • Export: Iceland eliminates duty on seafood

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.