ADB OKs Loans for 2 Indian States

Two Indian states have won funding from the Asian Development Bank for separate projects. 

ADB will provide a USD120 million loan package to the state of Assam. The funds will back the state’s program that seeks to improve flood and erosion protection of communities along the Brahmaputra river and its tributaries.

The program will renovate more than 40 kilometers of flood embankments. It will also set up community-based disaster risk management councils and support flood awareness campaigns.

Meanwhile, ADB is extending a USD132 million loan to support an energy project in the state of Bihar.

The loan will be used to modernize power distribution and transmission facilities and install new transmission lines needed to improve the state’s electricity supply.

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  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.