India signs $100 mn loan agreement with World Bank

Indian government has signed a $ 100 million loan agreement with multilateral lending agency World Bank for Karnataka Urban Water Supply Modernisation Project.

Details:

• The project aims to provide access to a continuous piped water supply in various cities in Karnataka and strengthen the service delivery arrangements at the city level.
• Karnataka Urban Infrastructure Development & Finance Corporation (KUIDFC) is the implementing agency for the project.
• The project will have four broad components – capital investment programme, institution building, technical assistance for sector development and project management.
• It will be implemented over a period of six years.