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    • News

    India Gains ADB Aid for Urban Infrastructure

    By Ma. Rizza Leonzon // 12 August 2010

    The Asian Development Bank is offering a USD150 million multitranche financing facility to help India expedite its plans to improve urban infrastructure.

    The India National Capital Region Urban Infrastructure Financing Facility, which will provide funds in two or more tranches, will extend long-term financing for ubran infrastructure schemes in a bid to encourage private sector support. The first tranche amounts to USD78 million.

    The Indian National Capital Region’s Planning Board will manage the investment program, which is expected to be completed by June 2017.

    • Infrastructure
    • Banking & Finance
    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

    About the author

    • Ma. Rizza Leonzon

      Ma. Rizza Leonzon

      As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.

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